Jindal Photo: Financial results as on Sep 30, 2015.

Consolidated-JP (Sept. 2015).pmd

JINDAL PHOTO LIMITED

REGD OFF: 260/23 SHEETAL INDUSTRIAL ESTATE, DEMANI ROAD, DADRA, (UT OF D&NH)

Head Office : 11/5B, Basement, Opp. Telephone Exchange, Pusa Road, New Delhi -110 005 CIN L33209DN2004PLC000198, E-mail : [email protected]

Website : www.jindalphoto.com, Fax : 91-11-25767029, Ph. : 91-11-25767000

STATEMENT OF STAND ALONE UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER

Part-I

AND HALF YEAR ENDED ON 30TH SEPTEMBER, 2015 (Rs. in lacs except share data) S. PARTICULARS Quarter Quarter Quarter Half Year Half Year Year No. Ended Ended Ended Ended Ended ended 30.09.2015 30.06.2015 30.09.2014 30.09.2015 30.09.2014 31.03.2015 UN-AUDITED AUDITED

1. INCOME FROM OPERATIONS

   Gross Sales 5209 5047 9012 10256 18336 32582

   Less : Sales Tax (refer note no. 2) 254 255 544 509 1112 1877

   Less : Excise Duty 490 488 936 978 1904 3379

2. Net Sales / Income From Operations 4465 4304 7532 8769 15320 27326

3. Other Operating Income - - - - - - TOTAL INCOME FROM OPERATIONS ( a +b ) 4465 4304 7532 8769 15320 27326

4. EXPENSES

   a) Cost of Materials consumed 3462 2810 5930 6272 10931 19486

5. Purchase of stock-in-trade 297 243 381 541 711 1390

6. Change in inventories of finished

   goods, work-in-progress & stock-in-trade (336) 258 (275) (78) 771 958

7. Employee benefits expenses 172 151 182 323 341 754

8. Depreciation & amortisation expenses 54 54 61 108 122 245

f) Other expenses 858 696 1184 1553 2400 4363

TOTAL EXPENSES ( a+b+c+d+e+f) 4507 4212 7463 8719 15276 27196
9. PROFIT/(LOSS) FROM OPERATIONS BEFORE OTHER INCOME, FINANCE
COSTS AND EXCEPTIONAL ITEMS (1 - 2) (42) 92 69 50 44 130 4 OTHER INCOME 26 20 13 46 108 152 5 PROFIT/(LOSS) FROM ORDINARY ACTIVITES BEFORE FINANCE COSTS AND EXCEPTIONAL ITEMS (3 + 4) (16) 112 82 96 152 282 6 FINANCE COSTS 57 41 55 98 95 255
1. PROFIT/(LOSS )FROM ORDINARY ACTIVITES AFTER FINANCE COSTS BUT BEFORE EXCEPTIONAL ITEMS (5-6) (73) 71 27 (2) 57 27
2. EXCEPTIONAL ITEMS - - - - - -
3. PROFIT/(LOSS) FROM ORDINARY ACTIVITIES BEFORE TAX ( 7- 8 ) (73) 71 27 (2) 57 27
4. TAX EXPENSE

5. Current Tax 39 70 - 109 - 19

6. Deferred Tax Liability/(Assets) - - - - - 11

7. Wealth Tax - - - - - -

   (d) MAT Credit (39) (70) - (109) - -

   (e) Income Tax related to prior period - - 11 - 11 - Total (a+b+c+d+e) - - 11 - 11 30

8. NET PROFIT/(LOSS) FROM ORDINARY
ACTIVITIES AFTER TAX (9-10) (73) 71 16 (2) 46 (3) 12 EXTRA ORDINARY ITEMS (NET OF TAX EXPENSE Rs. ..NIL) - - - - - - 13 NET PROFIT/ (LOSS) FOR THE PERIOD (11-12) (73) 71 16 (2) 46 (3) 14 PAID UP EQUITY SHARE CAPITAL (face value of Rs. 10/- each fully paid-up) 1026 1026 1026 1026 1026 1026 15 RESERVES EXCLUDING REVALUATION RESERVES AS PER BALANCE SHEET OF PREVIOUS ACCOUTNING YEAR - - - - - 26161 16 EARNINGS PER SHARE (Rs. 10/- per share)

1. Basic and diluted EPS before

   Extraordinary items (Not Annualised) (0.72) 0.69 0.16 (0.02) 0.45 (0.02)

2. Basic and diluted EPS after

Extraordinary items (Not Annualised) (0.72) 0.69 0.16 (0.02) 0.45 (0.02)

PART II A PARTICULARS OF SHAREHOLDING
1. PUBLIC SHAREHOLDING

   - Number of shares 2798511 2798511 2798511 2798511 2798511 2798511

   - Percentage of shareholding 27.28% 27.28% 27.28% 27.28% 27.28% 27.28%

2. PROMOTERS AND PROMOTER GROUP SHAREHOLDING

3. Pledged / Encumbered

   • Number of Shares NIL NIL NIL NIL NIL NIL

   • Percentage of shares (as a % of the total shareholding of promoter

     and promoter group) NIL NIL NIL NIL NIL NIL

   • Percentage of shares (as a % of

     the total share capital of the Company) NIL NIL NIL NIL NIL NIL

4. Non-encumbered

   - Number of Shares 7459815 7459815 7459815 7459815 7459815 7459815

   • Percentage of shares (as a % of the total shareholding of promoter

     and promoter group) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

   • Percentage of shares (as a % of

the total share capital of the Company) 72.72% 72.72% 72.72% 72.72% 72.72% 72.72%

PARTICULARS 3 (THREE) MONTHS ENDED 30.09.2015 B INVESTOR COMPLAINTS

Pending at the beginning of the quarter NIL

Received during the quarter 8

Disposed of during the quarter 8

Remaining unresolved at the end of the quarter NIL

Notes:-

1. The above unaudited financial results have been reviewed by the audit committee and approved by the Board of Directors in their respective meetings held on 7th November, 2015, and a limited review of the same has been carried out by the statutory auditors of the Company.

2. The Administration of Union Territory of Dadra & Nager Haveli vide its Notification dated 31st December, 1999 granted exemption for sales tax to the company. In view of legal opinion received from experts and as per AS-12 such benefit being in nature of capital receipt has been reduced from Gross Sales and credited to Capital Reserve.

3. Provision for impairment of assets as required by AS -28, if any, will be made at the time of finalisation of annual accounts.

4. Segment Reporting as defined in AS -17 is not applicable.

5. The Board of Directors of Jindal Photo Limited at their meeting held on 12th January 2015 approved the scheme of arrangement ('the scheme') between Jindal Photo Limited ('Demerged Company') and Jindal Poly Films Limited ('Resulting Company') for the demerger of the demerged undertaking (as defined in part (III) of the Scheme - Business of Manufacture, production, sale and distribution of photohraphic products of demerged company into the Resulting Company. As per the scheme, the Demerged Undertaking of Jindal Photo Limited will stand transferred to the Resulting Company with effect from 1st April 2014, the Appointed Date. The scheme has already been approved by BSE Limited('BSE') and National Stock Exchange of India Limited ('NSE') vide letter dated 11.03.2015 & 12.03.2015 respectively. Equity shareholders and secured creditors of the Company has also approved the scheme in their respective meetings held on on 13th August'2015 as per the directionof Hon'ble High Court of judicature at Mumbai. Pending approval of the Honourable High Court of judicature at Mumbai, accounting treatment as prescribed in clause No. 5 of Part IV of the Scheme has not been given effect to in the financial statement for the year ended 31st March 2015 and the core operations to be transferred to the Resulting Company i.e. Business of Manufacture, production, sale and distribution of photohraphic products were carried on in trust for the period from 1st April 2014 till 31st March 2015 by the Demerged Company.

6. Figures for the previous year/ quarter have been regrouped /rearranged /recast wherever considered necessary.

7. Provision for diminution in the value of Investments, if any, will be made at the time of finalisation of annual accounts.

8. Deferred tax assets has not been recognised due to uncertainity of its realisation in future years.

9. Disclosure of Balance Sheet items as per clasue 41(V)(h) of the Listing Agreement : (Rs. / Lacs)

Standalone Statement of Assets and Liabilities PARTICULARS	ASat 30.09.2015	ASat 31.03.2015
	Unaudited	Audited
A EQUITY AND LIABILITIES SHAREHOLDERS' FUNDS: Share Capital Reserves & Surplus Money received against share warrants Share application money pending allotment Minority Interest Non-current Liabilities Long-term borrowings Deferred tax liabilities(net) Other long term liabilities Long-term provisions Current Liabilities Short-term borrowings Trade payables Other current liabilities Short-term provisions Sub-total-Shareholders' funds Sub-total-Non-current liabilities Sub-total-current liabilities TOTAL-EQUITY AND LIABILITIES B ASSETS Non-current assets Fixed assets Tangible assets Capital work-in-progress Non-current investments Long-term loans and advances Other non-current assets Current assets Current investments Inventories Trade receivables Cash and cash equivalents Short -term loans and advances Other current assets Sub-total-Non-current Assets Sub-total-Current Assets TOTAL - ASSETS	5766	5766
	26668	26161
	-	-
	32434	31927
	-	-
	-	-
	-	-
	-	-
	10	10
	-	-
	10	10
	6353	4337
	272	295
	3054	3094
	1414	1271
	11093	8997
	43537	40935
	2172	2277
	1	1
	21662	25591
	48	39
	-	-
	23883	27908
	-	-
	4648	3403
	1007	1149
	241	443
	12672	7188
	1086	844
	19654	13027
	43537	40935

By order of the Board

for JINDAL PHOTO LIMITED

Place : New Delhi Sd./- (Shammi Gupta)

Dated : 07.11.2015 Managing Director (DIN : 00006384)