Orient Paper & Industries Limited
 
 
 
 
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ORIENT PAPER & INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]
 
Audited Financial Results for the year ended 31st March,2011
             
Sl. No. Particulars Nine months ended 31-12-2010
(Unaudited)
Three months ended 31-03-2011 (Unaudited) Corrosponding three months ended 31-03-2010(Unaudited) Current Accounting year ended 31-03-2011(Audited) PreviousAccounting year ended 31-03-2010
(Audited)
1 Gross Sales/Income from Operations 140339.48 77161.27 60110.30 217500.75 176854.39
  Less : Excise duty 14047.43 7555.78 5310.52 21603.21 14878.93
  (a)Net Sales/Income from Operations 126292.05 69605.49 54799.78 195897.54 161975.46
  (b) Other Operating Income 1662.06 1376.50 430.16 3038.56 987.14
  Total Income 127954.11 70981.99 55229.94 198936.10 162962.60
2 Expenditure 115823.95 58711.01 46198.95 174534.96 136740.51
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress (5090.60) 5488.03 3759.29 397.43 (2768.11)
  (b) Purchase of Traded Goods 5363.44 3705.17 2771.49 9068.61 8295.58
  (c) Consumption of raw materials 40444.14 20479.75 14761.73 60923.89 48112.70
  (d) Consumption of Stores , Chemicals & Spares 4236.07 1858.45 1453.17 6094.52 5428.33
  (e) Power & Fuel 24543.41 8449.98 8156.12 32993.39 26797.03
  (f) Employees Cost 8691.26 3222.83 2747.58 11914.09 10784.84
  (g) Packing, Freight & Forwarding Charges (Net) 17405.30 8278.33 6048.04 25683.63 18866.26
  (h) Deferred Revenue Expenditure written off - - 58.00 - 232.05
  (I) Depreciation 5997.96 2150.24 1881.29 8148.20 5501.36
  (j) Other Expenditure 14232.97 5078.23 4562.24 19311.20 15490.47
3 Profit from Operations before Other Income, Interest & tax ( 1-2) 12130.16 12270.98 9030.99 24401.14 26222.09
4 Other Income 549.71 177.88 174.07 727.59 641.72
5 Profit before Interest & tax ( 3 + 4) 12679.87 12448.86 9205.06 25128.73 26863.81
6 Interest 2839.75 1337.86 1105.73 4177.61 3453.27
7 Profit after Interest but before tax (5-6) 9840.12 11111.00 8099.33 20951.12 23410.54
8 Tax Expenses          
  Current Tax 1,966.11 2273.86 4290.33 4239.97 4780.65
  MAT Credit (Entitlement ) / Reversal (405.00) 298.00 (3310.00) (107.00) (3311.24)
  Deferred Tax 1715.81 791.89 1635.12 2507.70 6010.25
9 Net Profit from Ordinary Activities after tax (7-8) 6563.20 7747.25 5483.88 14310.45 15930.88
10 Paid-up Equity Share Capital (Face Value per share : Re.1/-) 1928.76 1928.77 1928.67 1928.77 1928.67
11 Paid-up Debt Capital       10000.00 10000.00
12 Reserves excluding Revalution Reserve       85670.60 74733.94
13 Debenture Redemption Reserve (included in item 12 above)       4,875.00 4375.00
14 Erning per share (EPS) (Face value of Re.1 each))          
  Basic 3.40 4.02 2.84 7.42 8.26
  Diluted 3.40 4.01 2.84 7.41 8.26
15 Debt Equity Ratio       0.34 0.43
16 Debt Service Coverage Ratio       4.22 6.99
17 Interest Service Coverage Ratio       6.97 7.46
18 Aggregate of Public Shareholding          
  - Number of shares 128054848 128054848 128259273 128054848 128259273
  - Percentage of shareholding 66.39% 66.39% 66.50% 66.39% 66.50%
19 Promoters and Promoter Group Share Holding          
a) Pledged / Encumbered          
  Number of shares Nil Nil Nil Nil Nil
  Percentage of shares (as % of the total shareholding of          
  promoter and promoter group Nil Nil Nil Nil Nil
  Percentage of shares (as % of the total share capital of the company) Nil Nil Nil Nil Nil
             
b) Non- Encumbered          
  Number of shares 64829922 64829922 64625497 64829922 64625497
  Percentage of shares (as % of the total shareholding of          
  promoter and promoter group) 100% 100% 100% 100% 100%
  Percentage of shares (as % of the total share capital of the company) 33.61% 33.61% 33.50% 33.61% 33.50%
Notes :-
1 The Board recommends a dividend of Rs 1.50 per share (150 %) on equity shares of the Company. The Board also recommends dividend on preference shares @ 6% for the current year.
 
2 Pursuant to the Scheme of Amalgamation as approved by the shareholders of the Company and the Hon?ble High Court at Calcutta by an order dated 22nd November 2010, OPI Export Ltd. , a wholly owned subsidiary of the company , has been merged with the company w.e.f. 1st April, 2010.s
3 Ratios have been computed as follows:
  Debt Service Coverage Ratio = Earning before interest, depreciation, tax and exceptional items / [interest expenses (including interest capitalised)+ principal repayment ]
  Interest Service Coverage Ratio = Earning before interest, depreciation , tax and exceptional items / interest expenses(including interest capitalised).
  Debt represents long term loans / debentures.
  Equity represents Issued, Subscribed and Paid up Share Capital and Reserves & Surplus ( excluding revaluation reserve).
4 Paid up Debt Capital represents listed Debentures.
 
5 Provision against demand for Water Tax, which has been referred to by the auditors in their report on accounts for the year ended 31st March, 2011, has been paid / provided to the extent of liablity admitted by the Company for the period upto April,2009 i.e. the period prior to new agreement effective from May,2009 entered into with the Water Resources Department. No provision against the balance demand of Rs. 17076.58 lacs has been made since the Company's application for waiver thereof is under consideration by the government of Madhya Pradesh.
6 During the quarter, the Company has allotted 1,20,00,000 share warrants on a preferential basis to certain promoter group companies on 18th March 2011. Each warrant is convertible (at the sole option of the warrant holder) into one equity share of Re 1/- each at a price of Rs. 57.25 per share at any time within a period of 18 months from the date of allotment. Further, the Company has received 25% amount against each such warrant.
7  
8 There were no exceptional and extraordinary items during the quarter / year ended 31st March,2011.
9 Previous period figures have been recasted/regrouped wherever necessary.
10 The above results were reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at their respective meetings held on 27th April, 2011.
 
Statement of Assets and Liablities:
Particulars ORIENT PAPER & INDUSTRIES LTD
AUDITED
As at 31st March 2011 As at 31st March 2010
     
SHAREHOLDERS' FUNDS:     
(a)  Share Capital 2028.77 2028.67
(b)  Share Warrants 1717.5 -
(b)  Reserves & Surplus  86515.97 75640.20
     
LOANS FUNDS  54395.58 51351.73
     
DEFERRED PAYMENT LIABILITIES 197.04 273.04
     
DEFERRED TAX LIABILITY (Net) 13535.51 11027.81
Total  158390.37 140321.45
     
Less : CURRENT LIABILITIES & PROVISIONS    
(a) Current Liabilities 28205.16 23463.23
(b) Provisions 6825.59 8069.47
Sub Total 35030.75 31532.70
NET CURRENT ASSETS 25635.48 18340.64
TOTAL 158390.37 140321.45
 
Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement (Rs. In lacs )
Sl. No. Particulars Nine months ended 31-12-2010
(Unaudited)
Three months ended 31-03-2011
(Unaudited)
Corrosponding three months ended 31-03-2010
(Unaudited)
Current Accounting year ended 31-03-2011
(Unaudited)
PreviousAccounting year ended 31-03-2010(Unaudited)
1 Segment Revenue :          
  a) Cement 69900.15 33423.98 27402.81 103324.13 89475.79
  b) Paper & Board 17964.19 9772.29 7859.35 27736.48 23938.18
  c) Electrical Consumer Durables 38006.21 26220.00 19387.52 64226.21 48084.92
  d) Others 421.50 189.22 150.10 610.72 476.57
  Total 126292.05 69605.49 54799.78 195897.54 161975.46
  Less : Inter Segment Revenue - - - - -
  Net Sales/Income from Operations 126292.05 69605.49 54799.78 195897.54 161975.46
             
2 Segment Results : (Profit (+)/Loss(-) before interest 2& Tax from each segment) :          
  a) Cement 12952.01 10358.67 7556.78 23310.68 25390.60
  b) Paper & Board - Amlai (2036.80) (812.84) (947.54) (2849.64) (3596.11)
  - Brajrajnagar * (355.99) (124.24) (190.28) (480.23) (716.36)
    (2392.79) (937.08) (1137.82) (3329.87) (4312.47)
  c) Electrical Consumer Durables 2638.62 3092.53 2810.89 5731.15 6174.52
  d) Others 50.89 19.90 (6.23) 70.79 26.17
  Total 13248.73 12534.02 9223.62 25782.75 27278.82
  Less :          
  (i) Interest 2839.75 1337.86 1105.73 4177.61 3453.27
  (ii) Other un-allocable expenditure net of un-allocable income 568.86 85.16 18.56 654.02 415.01
  Profit Before Tax 9840.12 11111.00 8099.33 20951.12 23410.54
3 Capital Employed :          
  a) Cement 94925.21 93600.01 88877.62 93600.01 88877.62
  b) Paper & Board 32788.45 32733.64 28858.71 32733.64 28858.71
  c) Electrical Consumer Durables 15730.61 20493.06 14374.96 20493.06 14374.96
  d) Others 106.63 98.99 134.97 98.99 134.97
  Total 143550.90 146925.70 132246.26 146925.70 132246.26
             
  NEW DELHI
27th April,2011
        By Order of the Board for
ORIENT PAPER & INDUSTRIES LTD.

 
            M.L.PACHISIA
(Managing Director)
 
 
 
 

NEWS

17/04/2017
Board of Directors of the Company at its meeting held today inter-alia recommended payment of Interim Dividend @ Re.0.50 (50%) on 21,21,85,502 equity shares of Re.1/- each for the year 2016-17. In this connection 27th April, 2017 has been fixed as record date for the purpose of payment of Interim Dividend
02/01/2017
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Friday , the 20th January,2017 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 31st December, 2016, subject to ‘Limited Review’ by the Auditors of the Company
27/10/2016
In terms of Regulation 30 of SEBI (Listing Obligations Disclosure Requirements) 2015, we wish to inform you that the credit rating for Term loans / Bank facilities and Commercial paper of the company has been placed on credit watch by Credit Analysis & Research Ltd. (CARE) in view of the proposed demerger of the Company's Consumer Electric Business into its Wholly Owned Subsidiary Company, Orient Electric Ltd.
19/07/2016
Notice is hereby given that Register of Members and Share Transfer Books will be closed from 16th August 2016 to 22nd August, 2016 (both days inclusive) for the purpose of payment of dividend @ Re. 0.25 (25%) per share on 204868760 Equity shares of Re.1/- each as recommended by the Board of Directors of the Company at its meeting held on 6th May,2016. The dividend will be paid subject to the approval of the Shareholders
12/07/2016
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Thursday , the 4th August , 2016 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 30th June, 2016, subject to 'Limited Review' by the Auditors of the Company.
11/04/2016
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Friday, the 6th May, 2016 inter alia to consider draft Annual Report & Accounts of the Company for the year ended 31st March, 2016 and declaration of Dividend if any.
11/01/2016
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Friday, the 29th January, 2016 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 31st December, 2015 subject to 'Limited Review' by the Auditors of the Company.
05/10/2015
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Friday , the 30th October , 2015 inter alia to consider Unaudited Financial Results of the Company for the quarter / half year ended 30th September, 2015 subject to ‘Limited Review’ by the Auditors of the Company.
14/07/2015
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Wednesday , the 5th August,2015 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 30th June, 2015 subject to ‘Limited Review’ by the Auditors of the Company.
22/06/2015
Notice is hereby given that Register of Members and Share Transfer Books will be closed from 14th August 2015 to 20th August, 2015 (both days inclusive) for the purpose of payment of dividend @ Re. 0.10 (10%) per share on 204868760 Equity shares of Re.1/- each as recommended by the Board of Directors of the Company at its meeting held on 11th May,2015. The dividend will be paid subject to the approval of the Shareholders
13/05/2015
Notice is hereby given that MCS Share Transfer Agent Limited will function as Registrar and Share Transfer Agent (RTA) of Orient Paper & Industries Ltd, effective from 30th April,2015 in place of MCS Limited. The address (Registered Office) of MCS Share Transfer Agent Limited is 12/1/5, Manohar Pukur Road, Kolkata-700 026, Phone No.(033) 4072-4051, Fax (033)4072-4050, Email ID mcssta@rediffmail.com
23/04/2015
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Monday , the 11th May, 2015 inter alia to consider draft Annual Report & Accounts of the Company for the year ended 31st March, 2015 and declaration of Dividend if any.
15/01/2015
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Tuesday , the 3rd February, 2015 inter alia to consider Unaudited Financial Results of the Company for thequarter ended 31st December, 2014 subject to ‘Limited Review’ by theAuditors of the Company
21/10/2014
Meeting of the Board of Directors of the Company has been convened to be held on Wednesday , the 5th November, 2014 inter alia to consider Unaudited Financial Results of the Company for the quarter / half year ended 30th September, 2014 subject to ‘Limited Review’ by the Auditors of the Company.
23/05/2014
Notice is hereby given that Register of Members and Share Transfer Books will be closed from 2nd August 2014 to 8th August, 2014 (both days inclusive) for the purpose of payment of dividend @ Re. 0.10 (10%) per share on 204868760 Equity shares of Re.1/- each as recommended by the Board of Directors of the Company at its meeting held on 8th May,2014. The dividend will be paid subject to the approval of the Shareholders.
17/04/2014
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Thursday, the 8th May,2014 inter alia to consider draft Annual Report & Accounts of the Company for the year ended 31st March,2014 and declaration of Dividend if any.
09/01/2014
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Thursday, the 30th January, 2014 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 31st December, 2013 subject to 'Limited Review' by the Auditors of the Company.
 
Key Financial Highlights (Quarter ended 31-12-2016)
Net Turnover Rs. 37233 lacs as against Rs. 38045 lacs last year.

 

PBITD Rs. 2553 lacs as against Rs. 1940 lacs last year.
Profit before tax Rs. 423 lacs as against loss of Rs. 481 lacs last year.
Profit after tax Rs. 288 lacs as against Rs. 643 lacs last year.
Copyright © 2007-2008 ORIENT PAPER & INDUSTRIES LTD.