Audited Financial Results For the Year Ended 31st March, 2005. .
  (Rs.in Lacs)  
  Nine Months Ended 31st Dec. Quarter ended 31st March Year Ended
31st March 		Consolidated 31st
March
  2004 (Unaudited) 2005 2004 2005 (Audited) 2004 2005
(Audited) 		2004
(Audited)

 1.Sales/Income from
    operations.

 16288 2917 4640 19205 16393 166612 146350
    less: Excise duty 6326 1626 1864 7952 6004 62224 49381
    Net Sales/Income
    from operations 		9962 1291 2776 11253 10389

104388

 96969
       
 2.Other Income 1083 537 1816 1620 2071 4064 4239
       
 3.Total Expenditure
    ( a to e ) 		8950 2752 3531 11702 9575 102665 94233
       
   a) Increase/decrease
       in stock in trade		 695 (477)
 (496) 218 (224) (31) (540)
   b) Consumption of
       raw materials		 2888 1028 1078 3916 2902 33468 31404
   c) Consumption of
       Stores, spares,
       Packing material		 2908 989 1068 3897 3351 18983 14535
   d) Staff cost 582 253 211 835 919 9593 8985
e)Professional / Consultancy charges 1027 521 145 1548 290 2407 2344
   f) Other expenditure 850 438 1524 1288 2337 38245 37505
 4. Interest 574 105 9 679 293 2835 2224
       
 5. Depreciation 106 33 44 139 206 2406 1607
       
 6. Profit (+)/Loss
     (-) before taxation
     and extraordinary
     items		 1415 (1062) 1008 353 2386 547 3143
     (1+2-3-4-5)        
       
 7. Extra ordinary
     items : Income /     (Expenses)		 (454)     (454) 353 (922) 24480
       
 8. Profit(+)/Loss(-)
     before tax (6+7)		 961 (1062) 1008 (101) 2739 (375) 27623
       
 9. Contigency
      Provision 		650 (650) 900   2150   2150
               
10.Provision for
     taxation(including
     Deferred Tax) 		535 (170) 394 365 580 1405 6218
       
 11.Provision for
      taxation for earlier
      year		 1219 803 1800 2022 1800 2071 1794
       
 12. Profit (+)/Loss(-)
       after taxation
       (8-9-10-11)		 (1443) (1045) (2085) (2488) (1791) (3851) 17461
       
 13. Minority Interest           465 1528
       
 14. Share of loss in
       Associate		           8 0
       
 15. Net Profit (+)/
       Loss(-) After
       Minority
       Interest.		           (4324) 15933
(12-13-14)        
 16. Paid up equity
      share capital (Face
      Value of Rs.10 Per
      Share)		 4801 4801 4801 4801 4801 4801 4801
       
 17. Reserves
       excluding
       revaluation reserve
  		       (4115) (1627) 10796 20036
  
           
 18. Basic and diluted
       EPS (in Rs.)		 (3.01) (2.18) (4.34) (5.18) (3.73) (9.01) 33.19
       
19. Aggregate of Non-
      Promoter
      Shareholding		        
      -Number of Share
21821520 21821520 21836624 21821520 21836624 21821520 21836624
-Percentage of
Shareholding
 45.46 45.46 45.49 45.46 45.49 45.46 45.49
               

Notes :
1. The above results of Shaw Wallace & Company Limited on stand alone basis were taken on record in the meeting of the Board of Directors held on 14th June 2005 and Consolidated Financial Results of the Company were taken on record in the meeting of the board of Directors held on 24th June 2005.
2. In respect of the audit qualifications pertaining to 31st March, 2004 with regard to: -
a) non provision of various income tax demands being contested by the Company ; the Company has provided / paid the tax liabilities as per tax computations, returns filed and admissions / estimations in this respect. The Company is also pursuing a settlement in accordance with the provisions of the Income Tax Act, 1961 of the matters in the different financial years. Further contingency provision of Rs. 3650 lacs so far has been made to meet liability if any arising in this respect in future.
b) non provision for interest on the balance of intercorporate deposit final settlement of which is pending; the Company maintains that pending outcome of negotiation / settlement and/ or decision of the court, interest provided for in earlier years is adequate.
Adjustments, if any, in this respect will be given effect to on final settlement with the parties.
The above matters are subjudice and adjustments, if any, in this respect will be made as and when amounts thereof are determined.


3. On 27th May’05, pursuant to separation agreements signed with MBL Investment Ltd, Shaw Wallace & Co. has assigned/licensed to an affiliate of the J.V. Partner certain brands in respect of the beer, business. One of the affiliate of the Co. has also divested its entire equity interests in the Joint Venture in favour of MBL Investment Group. The Co. has received Rs.158 crores as consideration for the above said assignment/licensing arrangements.
4. There was no complaint from the shareholders pending at the beginning of the current quarter. Seventy complaints were received during the quarter and were duly attended. There is no pending complaint at the end of the quarter.
5. Notes on Consolidated Financial Results : The Consolidated Financial Results have been prepared in line with provisions of Accounting Standard (AS) 21 ‘Consolidated Financial Statements’, AS-23 ‘ Accounting for Investments in Associates in Consolidated Financial Statements’ and AS-27 ‘Financial Reporting on Interests in Joint Venture’.
6. Previous period / year figures have been regrouped wherever necessary, however these are not comparable with the current year in view of the transfer of a Unit of the company during the previous year.




Place : Mumbai
Date: 24th June, 2004		 By Order of the Board of Directors
For Shaw Wallace & Company Limited


S D Lalla
 Managing Director



Segment wise Revenue, Results and Capital Employed


(Rs. in lacs)  
  Nine Months ended 31st Dec Quarter ended 31st March
Year ended
31st March
  2004
2005
2004 2005
(Audited)		 2004
(Audited)
 1.Segment Revenue          
       ( net sale/income)          
         - Liquor 8879 2358 2220 11237 9192
         - Beer 1071 (1071) 556   1191
         - Other 12 4
16 6
           
   Total 9962 1291 2776 11253 10389
   Less: Inter segment revenue          
   Net sales/ Income from
   operations		 9962 1291 2776 11253 10389
 2. Segement Results          
       ( Profit(+)/Loss(-) before
       tax and interest )		          
             - Liquor 1528 482 290 2010 1882
             - Beer 1071 (1071) 555   1191
             - Others 12 4 (5) 16 6
         
           Total 2611 (585) 840 2026 3079
           Less:          
              i) Interest 284 105 9 679 293
              ii) Other un-allocable
                  expenditure net of
                  un-allocable income		 1076 372 (177) 1448 47
 Total Profit before Tax 1251 (1062) 1008 (101) 2739
 3. Capital Employed          
       (Segment assets less segment
       liabilities)		          
             - Liquor 2780 1037 2516 1037 2516
             - Beer 1089 (91) 1037 (91) 1037
             - Others (45) (50) (37) (50) (37)
                
 
   Total 3824 896 3516 896 3516
Place : Mumbai
Date: 30th June, 2005		 By Order of the Board of Directors
For Shaw Wallace & Company Limited




P. M. Nene
Director



Top

<<Back

     About Shaw Wallace