SARDA PLYWOOD INDUSTRIES

Regd.

Off.: 9 Parsee

Church

Street,

LIMITED

Kolkata

- 700001

Phone No: (033) 2265 2274; Fax No: (033) 2249 3675
Email: corp@sardaplywood.com;
Website;
www.sardaplywood.in
CIN: L20211WB1957PLC023493

PART I
(~IN LACS)

STATEMENT OF UNAUDITED RESULTSFORTHE QUARTER AND PERIOD ENDED 31ST DEe 2014
Quarter

Particulars
(Refer Notes Below)

ended

Year ended

Period ended

31.12.2014

30.09.2014

31.12.2013

31.12.2014

31.12.2013

31.03.2014

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

1. Income from Operations

(a) Net SalesI Incomefrom operations
(Netof ExciseDuty)

5317.79

(b) OtherOperatingIncome

3.73

5759.02

4,638.58

2.32

0.63

15294.99
6.11

13,868.33
0.69

18330.21
3.90

5321.52

5761.34

4,639.21

15301.10

13,869.02

18334.11

a) Cost of materialsconsumed

2897.75

3769.70

3,040.16

9450.42

8,924.98

11249.32

b) Purchasesof stockin-trade

274.49

93.83

79.40

450.27

412.73

577.22

c) Changesin inventoriesof finishedgoods,work-In-progress

and stockintrade

122.29

(241.30)

(270.92)

(401.04)

d) Employeebenefitsexpense

546.08

533.72

400.27

1521.46

e) Depreciationand amortisationexpense

41.99

41.97

40.89

124.32

121.64

161.53

n ExchangeRateFluctuationLossI (Gain)

56.62

42.77

15.04

142.75

453.31

477.71

Totallncome from Operations (Net)

2. Expenses

(655.02)
1,237.93

(13.01)
1569.90

g) OtherExpenses

1306.02

1303.57

1,224.43

3753.31

3,613.69

4686.59

Total Expenses

5245.24

5544.26

4,529.27

15041.49

14,109.26

18709.26

3. Profit f (Loss) from operations before other income and finance Costs (1 2

76.28
1.17

4. OtherIncome

217.08

109.94
1.25

3.68

259.61

(240.24)

(375.15)

18.96

4.20

5.59
(369.56)

77.45

220.76

111.19

278.57

(236.04)

6. FinanceCosts

173.27

171.14

168.96

512.18

498.59

666.87

7. Profit I (Loss) from ordinary activities before tax (5 . 6)

(95.82)

(57.77)

(233.61)

(734.63)

(1036.43)

5. Profit I (Loss) from ordinary activities before finance costs (3 + 4)

49.62

8. Tax expense

(27.87)

15.19

(16.40)

(79.37)

(222.97)

(389.11)

9. Net Profit f (Loss) for the period (78)

(67.95)

34.43

(41.37)

(154.24)

(511.66)

(647.32)

10. Paidup EquityShareCapital

452.07

452.07

452.07

452.07

452.07

452.07

(Face Value f 10/ per share)

11. ReservesexcludingRevaluationReserves

1553.98

12. Earnings per share (of f 10 each) (not annualised) [in f)

(i) 8asic
(ii) Diluted
PART II

(1.50)

0.76

(0.92)

(3.41)

(11.33)

(14.33)

(1.50)

0.76

(0.92)

(3.41)

(11.33)

(14.33)

Select Information for the quarter and period ended 31st Oec 2014
A. PARTICULARSOF SHAREHOLOING
1. Publicshareholding
- Numberof Sha-es

2384434

- Percentageof Shareholding

52.78%

2386434

2386584

52.82%

52.83%

2384434

2386584

52.78%

52.83%

2386584
52.83%

2. Promoters& PromoterGroupShareholding
a) PledgedI Encumbered
- Number of ShN8S

Nil

Nil

Nil

Nil

Nil

Nil

. Percentage
of Sha-es(asa % of totalsheholdingof promoterand promotergroup)

Nil

Nil

Nil

Nil

Nil

Nil

. Percentage
of Shares(asa % of thetotalShareCapitalof theCompany)

Nil

Nil

Nil

Nil

Nil

Nil

b) Nonencumbered
- Numberof Shares

2133451

. Percentage of Shares (as a % of total shareholding of promoter and promoter group)

- Percentage
of Sha-es(asa % of thetotalShCapitalof theCompany)

100%
47.22%

B.INVESTOR
COMPlAINTS
Pending at the beginning of the

quClter

Nil

Received during the qucr1er

Nil

Disposedof duringthequarter

Nil

Remaining unresolved at the end of the quarter

Nil

2131451
100%
47.18%

2131301
100%
47.17%

2133451
100%
47.22%

2313101
100%
47.17%

2131301
100%
47.17%

SARDA PLYWOOD INDUSTRIES

Email:

Regd.

Off.:

Phone

No:

9 Parsee
(033)

Church

2265

Street,

2274;

Fax

corp@sardaplywood.com;
CIN:

Segmentwise

Revenue,

1. Segment

No:

Website:

(033)

- 700001
2249

3675

www.sardaplywood.in

L20211WB1957PLC023493

Results

and

Capital

Quarter
Particulars

LIMITED

Kolkata

(~IN LACS)

Employed
Period

ended

ended

Year

ended

31.12.2014

30.09.2014

31.12.2013

31.12.2014

31.12.2013

31.03.2014

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

Revenue

(Net sales I Income from each segment)

a) Plywood and allied Products
b) Tea

4382.67

4976.03

889.58

c) Others

779.70

49.27

2. Segment

12242.48

16220.38

1980.11

1606.39

2067.39

5761.34

55.20

6.88
4639.21

5761.34

4639.21

15301.10

46.34

20.15

15301.10

5321.52

Less: Inter-segment revenue

Net Sales !Income from operations

13265.79

646.49

5.61

5321.52

Total

3985.84

13869.02

18334.11

13869.02

18334.11

Results

(Profit I (Loss) before tax and interest]

a) Plywood and allied Products

(70.37)

b) Tea

156.06
(7.76)

c) Others
Total

124.86

71.77

(155.03)

(190.43)

85.04

33.26

270.54

54.69

(11.58)

(16.32)

(22.28)

241.94

77.93

Less: (i) Finance Costs

173.22

173.27

171.14

(38.06)

(69.78)

(85.86)

135.84

304.25

(170.12)

(287.87)

168.96

512.18

498.59

666.87

(ii) Other unallocable expenditure

net of unallocable income
Total Profit before Tax
3. Capital

0.47

21.18

24.65

25.67

65.92

81.69

(95.81)

49.62

(57.77)

(233.60)

(734.63)

(1036.43)

Employed

(Segment Assets - Segment Liabilities)

a) Plywood and allied Products

3749.75

4082.63

5087.81

3749.75

5087.81

4855.54

b) Tea

1324.72

1199.27

1081.80

1324.72

1081.80

562.17

c) Others

117.18

d) Unallocated
Total

79.93

94.96

117.18

94.96

88.04

(3332.06)

(3433.77)

(4112.97)

(3332.06)

(4112.97)

(3490.34)

1859.59

1928.06

2151.60

1859.59

2151.60

2015.41

Notes
1. Tea industry being seasonal in nature, results for the quarter (which includes profit of the Tea Division) cannot be taken as indicative of results of the full year.
2. There are no exceptional

I extra ordinary items.

3. The above results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on 6th February2015.
4. The Statutory Auditors of the Company have carried out a 'Limited Review' of the results for the quarter! period ended 31st December 2014.

I..
r

~~(

Place: Kolkata
Date: 6th February 2015

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By Order

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of the

Board

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'f~DEEP
CHIT~2IA
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CHARTERED ACCOUNTANTS

7A, Kiran Shankar Ray Road, Kolkata-700 001

Fax: (91) (033) 2248-6814 Cable: HISABKETAB
((): 2248-3941/8338/2243-5660,
Res: 2479-6359
E-mail: mail@gpaco.net, Website: www.gpaco.net

MUMBAI BRANCH

245, Kuber Complex, New Link Road, Andheri (W)

Mumbai-400 053,!C 2673-0167,4010-7907
Res: 6526-7555, E-mail: mumbai@gpaco.net

DELHI BRANCH

252A, Vijay Tower, Shahpur Jat, Opp. Panchsheel

Park Commercial Complex, New Delhj110 049
r) 2649-1374, Fax: (011) 2649-6932
Res: (0124) 506 1150, Email . maildel@gpaco.nat

REVIEW REPORT
TO THE BOARD OF DIRECTORS OF
SARDA PLYWOOD INDUSTRIES LIMITED
1.

We have reviewed the accompanying statement of unaudited financial results of SARDA

PLYWOOD INDUSTRIES LIMITED ("the Company''), for the quarter ended 31st December, 2014
("the statement') except for the disclosures regarding 'Public Shareholding' and 'Promoter and
Promoter Group Shareholding' which have been traced from disclosures made by the
management and have not been reviewed by us. This statement is the responsibility of the
company's management and have been approved by the Board of Directors. Our responsibility is
to issue a report on these financial statements based on our review.

2.

We conducted our review in accordance with the Standards on Review Engagement (SRE) 2410,
"Review of interim Financial Information Performed by the Independent Auditor of the Entity"
issued by the Institute of Chartered Accountants of India. This standard requires that we plan and
perform the review to obtain moderate assurance as to whether the financial statements are free
of material misstatement.
A review is limited primarily to inquiries of company personnel and
analytical procedures applied to financial data and thus provides less assurance than an audit. We
have not performed an audit and accordingly, we do not express an audit opinion.

3.

Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying statement of unaudited financial results prepared in accordance
with recognition and measurement principles laid down in Accounting Standard 25 "Interim
Financial Reporting", notified under the Companies Act, 1956 read with General Circular No.
15/2013 dated 13th September, 2013 of the Ministry of Corporate Affairs in respect of section
133 of the Companies Act, 2013 and other recognized accounting practices and policies has not
disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement
including the manner in which it is to be disclosed, or that it contains any material misstatement.

For G.P. AGRAWAL & CO.

CHARTERED ACCOUNTANTS
Firm's Registration No .302082E

R.~A

f~

(CA. RAKESH KUMAR SINGH)

Partner
MEMBERSHIP NO.066421
Date
Place

: 6th February, 2015.

: Kolkata