Trust Stamp for VARDHMAN INDUSTRIES LIMITED


	VARDHMAN INDUSTRIES LIMITED

Registered Office

Address

2nd Floor, Jeevan Deep Building, Parliament Street, New Delhi 110001

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SUMMARY

Incorporated	1984/12/05
Registration No.	55-19492
Line of Business	Manufacturer and Exporter of Galvanised Sheets and Coils in Plain and Corrugated, Pre-painted Coils/Sheets and Glavnised pipes

Status

Company is a very well established and a reputed concern having satisfactory track records. Directors are reported to be experienced and respectable businessman. Trade relations are reported as fair. Business is active.

Payments

Correct

Litigation

Clear

Auditors

Name :	Raj Gupta and Company, Chartered Accountants
Address :	Miller Ganj, Ludhiana -141 003, Punjab, India

FACTORY WAREHOUSE

Iron and Steel Units
Sr.No.: Address : Tel. No.:
1 G.T. Road, Village Pawa, Sahnewal Ludhiana - 141 120, Punjab, India 91-161-2511412/2511413
2 G. T. Road, Village Bapror, Tehsil Rajpura, District Patiala, Punjab, India 91-1762-265700
3 G.T. Road, Village Nandpur, Sahnewal, Ludhiana-141 120, Punjab, India 91-161-2844499
3 Village Dugdha Ghamaria(*), District Saraikela, Jharkhand, India 91-657-3290209

Power Units (*)
Sr.No.: Address : Tel. No.:
1 Village Dugdha Ghamaria(*), District Saraikela , Jharkhand, India 91-657-3290209

(*) Petition for approval of Scheme of Arrangement under section 394 for hiving off of these units is pending with Hon'ble Delhi High Court at New Delhi

BRANCH

Located at :
Branch G. T. Road, Pawa, Sahnewal, Ludhiana-141 120, Punjab

LEGAL FORM

Public Limited Liability Company. The Companys Share are listed on Stock Exchange.

DIRECTORS

DIRECTORS
Name : Mr. Kapil Kumar Jain
Designation : Managing Director
Name : Mr. Rahul Jain
Designation : Director
Name : Mr. Vikram Jain
Designation : Whole Time Director
Name : Mr. Suresh Gupta
Designation : Director
Name : Mr. Ashok Kumar Jain
Designation : Director
Name : Mr. Ashwani Kumar
Designation : Director
Name : Mr. S.K. Vig
Designation : Director
Name : Mr. Rahul Gupta
Designation : Director

MAJOR SHAREHOLDERS

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Names of Shareholders (As on 2008/03/31) No. of Shares Percentage of Holding
Promoters 4761000 59.51
Mutual Fund 4400 0.06
Private Corporate Bodies 168525 2.11
Indian Public 3043296 38.04
NRI 22779 0.28
Total 8000000 100.00

PRODUCTS DETAILS

Products:
ITC Code No. Product Description
72061010 Steel Ingots
72104900 Galvanized Plain / Galvanised Corrugated Sheets / Coils
72109090 Galvanized Colour Coated Coils / Sheets

PRODUCTION DETAILS

PRODUCTION STATUS (AS ON 31.03.2008):-
Particulars Unit Installed Capacity Actual Production
Steel Ingots MT 16500 9453
GP Coils* MT 45000 46521
CR Coils** MT 36000 27496
Colour Coated Coil / Sheet*** MT 41250 14258
Vanaspati Ghee / Refind / other Oils MT
Power and SMS Unit
Ingot / Billets MT 68000 11178
Electricity Power Unit 79200000 14127942

(*) Actual Production includes jobwork production of Nil MT ("Previous Year. J.247.JVIT).

(**) CR Units of Vallabh Steels Limited at Rajpura taken on lease.

(***) Production has been generated out of raw material transferred from production of GP Coils.

BANKERS

Bankers :
State Bank of India Specialised Commercial Branch, Miller Ganj, Pahwa Hospital Complex, Ludhiana-141 003, Punjab, India
Punjab National Bank Large Corporate Branch, Bhagwati Tower, R.K. Road, Ludhiana-141 003, Punjab, India

AUDITORS

Name :	Raj Gupta and Company, Chartered Accountants
Address :	Miller Ganj, Ludhiana -141 003, Punjab, India

FINANCIAL INFORMATION

[all figures are in Rupees Millions]

PROFIT & LOSS ACCOUNT
Particulars 2008/03/31 2007/03/31 2006/03/31
Sales Turnover 3301.683 2830.667 2502.400
Other Income 0.000 0.000 0.100
Total Income 3301.683 2830.667 2502.500
Profit/(Loss) Before Tax 93.416 50.094 71.200
Provision for Taxation 25.206 (3.840) 24.100
Profit/(Loss) After Tax 68.210 53.934 47.100
Earnings in Foreign Currency :
Export Earnings 632.972 783.720 NA
Commission Earnings 0.000 0.000 NA
Other Earnings 0.000 0.000 NA
Total Earnings 632.972 783.720 NA
Imports :
Raw Materials 125.452 98.545 NA
Stores & Spares 0.000 0.000 NA
Capital Goods 6.294 2.487 NA
Others 26.549 6.660 NA
Total Imports 158.295 107.692 NA
Expenditures :
Manufacturing Expenses 212.225 167.425 38.200
Administrative Expenses 19.237 25.717 114.100
Raw Material Consumed 2695.336 2411.183 2063.900
Increase/(Decrease) in Finished Goods NA NA 23.100
Salaries, Wages, Bonus, etc. NA NA 27.300
Interest 47.975 47.818 26.200
Power & Fuel 95.326 78.782 118.700
Depreciation & Amortization 28.845 22.453 18.100
Other Expenditure 134.529 27.195 1.700
Total Expenditure 3233.473 2834.283 2431.300
Earnings Per Share (Rs.) 8.53 6.74

QUARTERLY RESULTS
Particulars 2008/09/30 2008/12/31 2009/03/31 2009/06/30
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Gross Sales 725.000 632.600 762.300 684.500
Other Income 0.000 0.000 0.000 0.000
Total Income 725.000 632.600 762.300 684.500
Total Expenditure 666.500 662.100 736.900 628.300
PBIDT 58.500 -29.500 25.400 56.200
Interest 18.400 13.100 12.700 18.600
PBDT 40.100 -42.600 12.700 37.600
Depreciation 9.300 8.800 6.500 8.400
Tax 8.600 -4.200 0.200 2.200
Deferred Tax 0.000 0.000 0.000 0.000
Reported Profit After Tax 22.200 -47.200 6.000 27.000
Extra-ordinary Items 0.000 0.000 0.000 0.000
Adjusted Profit After Extra-ordinary item 22.200 -47.200 6.000 27.000

CAPITAL STRUCTURE

Capital Structure AS ON 31.03.2008

Authorised Capital :
No. of Shares Type Value Amount
8000000 Equity Shares Rs. 10/- each Rs. 80.000 millions

Issued, Subscribed & Paid-up Capital :
No. of Shares Type Value Amount
8000000 Equity Shares Rs. 10/- each Rs. 80.000 millions
Less : Allotment Money in arrear Rs. 0.557 million
Total Rs. 79.443 millions

NOTES:

Out of above 500000 Equity Shares of Rs. 10/- each allotted as fully paid up by way of bonus shares by capitalization of General Reserve.

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