BOARD FOR INDUSTRIAL AND FINANCIAL RECONSTRUCTION

Case No.70/2006 Duncans Industries Ltd. (DIL)
Comments:
The accumulated losses have marginally declined in YE 2009 -2010.
8.2 Working Results: (Rs\Cr)
YE 31 st March 2006 2007 2008 2009 2010 30.9.10
(6 months)
Working Results Audited Audited Audited Audited Audited Prov
(i) Fertilizer Division:
Gross Turnover / Other 63.35 0.08 3.03 0.70 0.01 0.01
Receipts
% Growth -100% 3688% -77% -99%
EBIDT -104.58 -58.50 -0.23 -0.84 -1.76 -0.87
Depreciation 10.76 10.76 10.76 10.76 10.76 5.38
EBIT of Fert. Div. -115.34 -69.26 -10.99 -11.60 -12.52 -6.25
(ii) Tea Division:
Gross Turnover / Other 110.01 104.29 108.05 143.03 159.06 82.80
Receipts
% Growth -5% 4% 32% 11%
EBIDT -74.33 -24.05 -10.20 -3.49 20.63 21.52
Exchange (Deficit)/ 10.90 -7.66 -24.84 -24.59 12.33 -
Gain on realignment
Depreciation 3.18 3.01 2.91 2.84 2.90 1.54
EBIT of Tea Divn -66.61 -34.72 -37.95 -30.92 30.06 19.98
(iii) Company
Total Gross Turnover / 173.36 104.37 131.29 143.73 159.07 82.81
Other Receipts
% Growth -40% 26% 9% 11%
EBIT -181.95 -103.98 -48.94 -42.52 17.54 13.73
Interest -56.94 -54.19 -4.90 -5.04 -7.52 -6.72
Interest for earlier years
on Income Tax
Prior Period
Adjustment
Taxation ( including
provision for Deferred Tax)
20.21
-8.83 -3.01 -0.23 -0.19 -0.11 -
-104.23 -0.21 29.10 0.34
Extra Ordinary Item (446.95) - (223.96)
PAT -798.90 -161.39 -228.72 -48.09 9.91 7.01
Comments:
i) Extraordinary items in YR 2006 represents subsidy receivable written off
consequent to the decision of Hon ble Supreme Court.
ii) Extraordinary items in YR 2008 represents provision for diminution in the value
of investments
iii) Tea Industry being seasonal figures for the 6 month ended on 30.9.2010 are not
representative for the whole year.
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