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TAMILNADU PETROPRODUCTS LIMITED
Regd. Office : Manali Express Highway, Manali, Chennai - 600 068
UNAUDITED FINANCIAL RESULTS (STAND ALONE)
FOR THE QUARTER / HALF YEAR ENDED 30TH SEPTEMBER 2011
           
Rs. in Lacs
             
    Quarter  Corresponding Half year Corresponding Year
Sl.No Description ended Quarter ended ended Half year ended ended
    30.09.2011 30.09.2010 30.09.2011 30.09.2010 31.03.2011
    (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
             
1 Net sales / Income from Operations
          33,856
             27,281
    68,039
              51,199
      107,616
 
2 Other  operating income
                   171
                 105
      352
                   243
 449
3 Total Income (1+2)
          34,027
              27,386
      68,391
             51,442
    108,065
 
4 Expenditure
  a.  (Increase)/Decrease in stock in trade and work in progress       
        (303)
              163
    (776)
(1,133)
   (21)
  b.  Consumption of raw materials
          20,236
              15,078
     40,281
             28,953
59,728
  c.  Purchase of traded goods
                  -
                     -
215
                      -
155
  d.   Employee cost
672
719
1,411
1,306
2,575
  e.   Power and fuel
              7,151
5,486
14,530
10,842
23,134
  f.    Depreciation
938
956
1,867
1,912
3,799
  g.   Other expenditure
5,079
4,220
9,656
8,145
16,291
 
   Total
33,773
26,622
67,184
50,025
105,661
 
5 Profit from Operations before Other Income, Interest and exceptional item (3-4)
              254
                    764
    1,207
                 1,417
2,404
 
6 Other Income
                 540
                    248
   670
                 356
   625
 
7 Profit before Interest and exceptional item (5+6)
794
1,012
1,877
1,773
3,029
 
8 Interest (net)
474
572
975
1,187
2,313
             
9 Profit after Interest but before exceptional item (7-8)
320
440
902
586
716
           
10 Exceptional item
-
-
-
-
2,222
           
11 Profit after interest and exceptional item but before tax (9+10)
320
440
902
586
2,938
 
12 Tax expense
               - Current
(26)
163 
224
244 
503
               - Deferred
(5)
(72)
(71)
(108)
(512)
 
13 Net Profit after tax (11-12)
351
349
749
450
2,947
 
14 Paid up equity share capital
8,997
8,997
8,997
8,997
8,997
  (Face value per share of Rs.10/- each)
 
15 Reserves (excluding revaluation reserve)
-  
-  
-  
-  
28,548
 
16 Earnings per share in Rs.
   (not annualised)
  - Basic and diluted 
0.39
0.39
0.83
0.50
3.28
 
17 Public shareholding
  - Number of Shares
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
   
18 Promoters and Promoter Group Shareholding
  a)  Pledged/Encumbered
  - Number of shares
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     promoter and promoter group)
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
   
  b)  Non-Encumbered
  - Number of shares
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 promoter and promoter group)
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
       
STATEMENT OF ASSETS AND LIABILITIES
(Rs. in Lacs)
 

As at 30.09.2011 (Unaudited)

 As at 30.09.2010 (Unaudited) As at 31.03.2011(Audited)
SHAREHOLDERS FUND      
  a) Capital 8,997 8,997 8,997
  b) Reserves and surplus 31,335 29,153 30,595
  LOAN FUNDS      
  a) Secured loans 17,613 16,329 9,416
  b) Unsecured loans 2,199 2,344 2,281
  Deferred tax liability(net) 6,758 7,234 6,830
  TOTAL 66,902 64,057 58,119
       
  FIXED ASSETS 36,233 39,167 37,599
  INVESTMENTS 13,777 17,980 14,221
  CURRENT ASSETS, LOANS AND ADVANCES      
  a) Inventories 11,851 9,356 9,924
  b) Sundry Debtors 13,338 10,218 8,266
  c) Cash & Bank Balances 2,390 1,014 2,039
  d) Loans and advances 4,237 4,598 3,831
  31,816 25,186 24,,060
  Less: Current liabilities and provisions      
  a) Liabilities 14,088 17,495 16,306
  b) Provisions 826 781 1,455
  14,914 18,276 17,761
       
  Net current assets 16,902 6,910 6,299
  TOTAL 66,902 64,057 58,119
       
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. There were no investor complaints at the beginning of the quarter. During the quarter, 9 complaints were received, all of which were disposed of by the Company.
4. 'The Auditors' report on the annual accounts of the Company for the year ended March 31, 2011 and the Limited Review Report for the quarter ended September 30, 2011 contain the following comment:
  '"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 at their meeting held on November 8, 2011 and approved by the Board of Directors at their meeting held on November 9, 2011. The Statutory Auditors of the Company have carried out a limited review of the above financial results.
Place : Chennai          V. RAMANI
Date   :  9th November, 2011 DIRECTOR  AND CHIEF FINANCIAL OFFICER