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DB Corp Ltd
Press Release
Mumbai, May 4, 2012
Performance highlights for FY 2011-12 and Q4 FY 2011-12
Consolidated FY 2011-12
•
Total Revenues reflects growth of -16% YOY to Rs. 14638 million from Rs. 12652 million.
•
Advertising Revenues increased by 12.4% YOY to Rs. 11281 million from Rs. 10034 million
in the same period last year.
•
DBCL achieved EBIDTA Margins of 24.3% for FY 2012 at Rs. 3550 million, as against Rs.
4031 million in the same period of last year. The same factors our one time pre-operative
expenses of -Rs. 132.5 million for Jharkhand, Jammu & Maharashtra launches as well as
Forex Loss of Rs. 47.56 million. Our Mature Market EBIDTA margin stands at 33.3% for FY
2012.
•
DBCL achieved Profit after Tax (PAT) of Rs. 2021 million from Rs. 2585 million (Rs. 2363
million without considering radio demerger tax impact) in the corresponding period of last
year. This factors our one time preoperative expenses of -Rs. 132.5 million for Jharkhand,
Jammu and Maharashtra launches as well as Forex loss of -Rs. 101 million.
•
Radio Business achieved PAT of Rs. 33 million at 6% PAT margin, within shortest period of
less than 4 years from start of all its station.
Consolidated Q4 FY 2011-12
•
Total Revenues have shown a growth of -14% YOY to Rs. 3606 million in Q4 against
Rs. 3174 million of Q4 of last fiscal.
•
Revenues from advertising clocked a growth of -5.4% YOY to Rs. 2630 million in current
period from Rs. 2495 million in Q4 last fiscal.
•
EBIDTA margin for the quarter stands at - 21% at Rs. 758 million, against Rs. 796 million,
in Q4 FY 2011. The same factors one time preoperative expenses of Rs. 12.5 Million, on the
launch of Maharashtra and impact of operating losses of 5 editions of Maharashtra and 3
editions of Jharkhand.
•
EBIDTA margins stands at -22% at Rs. 778 million, on stand-alone basis
•
PAT margin stands at 12.6% to Rs. 454 million against Rs. 450 million, in qtr 4 of last year.
The same factors one-time pre-operative expenses of Rs. 12.5 million for Maharashtra
launch.
•
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Madhya Pradesh, Chhattisgarh, Rajasthan, Punjab, Chandigarh, Haryana, Gujarat, New Delhi, Maharashtra, Himachal Pradesh, Uttarakhand, Jharkhand, Jammu
Regd. Office: DB Corp Ltd., Plot No. 280, Sarkhej-Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad (Gujarat)
Business Office: DB Corp Ltd 501 5th Floor, Naman Corporate Link, Opp. Dena Bank, C-31, G-Block, Sandra Kuria Complex, Bandra (East), Mumbai - 400051
Tel: +91 22 3988 8840 • Fax: +91 22 3980 4793
PDF processed with CutePDF evaluation edition www.CutePDF.com
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DB Corp Ltd
•
Radio business: Advertising revenues have grown by 10% to Rs. 146.4 million in Q4 of
current period, against Rs. 133.1 million in Q4 of last year.
•
Radio business EBIDTA stands at Rs. 52.4 million (-35.8% margin) in 04 FY 2011-12.
•
Radio Business achieved PAT of Rs. 25.5 million (-17.4% margin) in Q4 FY 12.
Mumbai, May 04 2012: DB Corp Limited (DBCL). India's largest print media company and home to
flagship newspapers Dainik Bhaskar. Divya Bhaskar. Dainik Divya Marathi and Saurashtra Samachar.
today announced its financial results for the fourth quarter ended March 31. 2012. The highlights of the
Company's operational and financial performance are as follows:
•
DB Corp Ltd. the largest print media group amongst national dailies continues to stand out
as a high integrity, unbiased, objective media group, trusted and admired by 19.1 million
readers across India's fastest growing markets — as revealed by the Quarterly IRS data (Q4
FY 2011) released in March 2012.
Dainik Bhaskar continues to maintain its leadership as the largest read newspaper of urban
India and continues to maintain a substantial lead over the #2 player.
Leadership dominance continues in Madhya Pradesh and Chhattisgarh — with a combined
readership of —5 million. Dainik Bhaskar continues to lead in Madhya Pradesh with
readership, much larger than the combined readership of next 6 papers of Madhya Pradesh
in terms of AIR net reach.
Dainik Bhaskar is the first newspaper to cross the readership mark of 1 million in
Chhattisgarh.
In Chandigarh, Haryana, Punjab (CPH), Dainik Bhaskar enjoys sole leadership with 2.2
million readers, (IRS Qtr 4 2011). It has 44% more SEC A readers compared with peers, in
CPH- One of India's most affluent region.
In Rajasthan (urban), Dainik Bhaskar continues to be a leader with 13% more readers than
its closest competitor. In the last 4 years, Dainik Bhaskar has gained 10% readership while
its competitor has lost near equivalent readership over last 4 years.
According to IRS Q4 2011, DBCL continued to strengthen its presence in the Gujarati market
by adding —1.1 million new readers. Divya Bhaskar is the only newspaper in the region to
have demonstrated consistent growth in Gujarat (-13% readership growth since 2007).
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Madhya Pradesh, Chhattisgarh. Rajasthan, Punjab, Chandigarh, Haryana, Gujarat, New Delhi, Maharashtra, Himachal Pradesh, Uttarakhand, Jharkhand, Jammu
Regd. Office: DB Corp Ltd., Plot No. 280, Sarkhej-Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad (Gujarat)
Business Office: DB Corp Ltd., 501, 5th Floor, Naman Corporate Link, Opp. Dena Bank, C-31, G-Block, Bandra Kuda Complex, Bandra (East), Mumbai 400051
Tel: +91 22 3988 8840 • Fax: +91 22 3980 4793
41
DB Corp Ltd
•
In Jharkhand, Dainik Bhaskar has further increased its readership by 0.11 million new
readers to 0.73 million readers and is the only newspaper, that has demonstrated growth in
IRS Q4. The current readership figures are largely based on the Ranchi edition.
Dainik Divya Marathi continues to strengthen footprint in Maharashtra - announced another
successful launch of its Marathi Newspaper Dainik Divya Marathi from Sholapur,
Maharashtra, marking the launch of a 5th edition in the region. With this launch, D B Corp
Ltd. has commenced its 65th edition on all-India basis.
•
In FY 2011 - successfully implemented roll out in 5 major cities in Maharashtra emerged as #1 in all cities over established peers
•
All 5 editions have successfully achieved high reader delight and offers readers an
objective, unbiased high quality product offering a refreshing change to readers in this
region
•
Announced launch of Dainik Bhaskar School for Media Education (DBSME) in association
with Dale Carnegie - a global leader in designing high impact training programs - aimed at
providing an exclusive career program designed for DBCL professionals to sharpen
competitive skill sets.
Radio business turned PAT positive within 4 years of its launch - signifying the fastest PAT
break even by any radio company in India.
Encouraging progress of digital business- Digital business continues to show encouraging
progress and growth - ww%Walaitlik bhaskar.COm is the largest Hindi site with 110 million
page views. Also it remains the 3rd largest consumed news site in the country after Yahoo!
News and Times of India, as per data of November 2011 from Comscore.
o www.divval3haskar.com is the largest Gujarati site with 40 million page views.
o www.dainikbhaskar.com continues to command the maximum amount of time
spent by a user which is -6.7 minutes- 40% more than the any other site.
DBCL strengthens its brand equity through several industry recognition:
Guinness World records Junior Editor 2012 A
Junior Editor (The manual newspaper making activity) has been recognized as an
innovative initiative of Dainik Bhaskar group by Guinness World Records - achieves
record for being the largest hand written newspaper competition for children with more
than 67.130 entries
A Limca Book Records 2012
-
On Holi (the Indian festival of colours) 'Dainik Bhaskar
Group' dailies Dainik Bhaskar, Divya Bhaskar and Saurashtra Samachar brought out the
country's first perfumed newspaper with the fragrance of kewra (screw pine flower).
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Madhya Pradesh, Chhattisgarh, Rajasthan, Punjab, Chandigarh, Haryana, Gujarat, New Delhi, Maharashtra, Himachal Pradesh, Uttarakhand, Jharkhand, Jammu
Regd. Office: DB Corp Ltd., Plot No. 280, Sarkhej-Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad (Gujarat)
Business Office: DB Corp Ltd., 501, 5th Floor, Naman Corporate Link, Opp. Dena Bank, C-31, G-Block, Bandra Kuria Complex, Bandra (East), Mumbai - 400051
Tel: +91 22 3988 8840 • Fax: +91 22 3980 4793
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DB Corp Ltd
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Sri Lanka-India South Africa-Singapore Partnership Summit 2011- In the field of
marketing & branding Mr. Sanjeev Kotnala was awarded 'Achievers & Leaders Award' for
Excellence in Brand Building
Commenting on the performance for Q4 & FY 2011-12, Mr. Sudhir Agarwal, Managing
Director, DB Corp Ltd said, "On an overall basis, this final quarter has been in step with the
momentum we set off at the start of this fiscal - focus on strategic expansions and consolidation. Over
the year, DBCL accomplished roll out in major markets of Maharashtra by launching 5 new editions
from Aurangabad, Nashik, Jalgaon, Ahmednagar and most recently in 04 — launch of Sholapur
edition. In keeping with our heritage — we have emerged as the #1 newspaper on the first day of
launch and highly admired as a strong unbiased, content-oriented product appealing to diverse
readership categories in each of these regions, ahead of established peers. Simultaneously, we have
consolidated our positions in mature markets where we maintained our leadership rank. Therefore,
with all new region expansions and launches under way, our strategic focus now is to enhance
monetization and to fully capitalize on our leadership in all markets. Innovation, market development
and relentless focus on execution — have been three important pillars of our growth strategy that have
enabled us to deliver one of the most consistent and strong financial performances across the Indian
print media space, in spite of 2012 being a challenging year for the industry.
On a broader note, globally and in India, the weak economic environment continues which has
sustained the strain on overall media spend especially on the back of a declining GDP. We continue to
be optimistic and believe that this trend is expected to turn around this year and remain confident that
the long term story will continue to be driven by the potential of increasing consumerism of the Tier 2 &
3 towns housing 1.1 billion of the Indian populace. As the largest print media group in India across 13
states, in 4 languages and 65 editions — our business fundamentals continue to be strong and we are
now emphatically working towards achieving our vision to be the largest and most admired media
brand and play an active role as an enabler of socio-economic change."
Q4 FY 2011-12 financial results highlights: (comparisons with Q4 FY 2010-11)
'
Total Consolidated Revenues have expanded by 14% to Rs. 3606 million from Rs. 3174
million on account of:
• Net Increase in print business Total Revenue of Rs. 403 million in Q4 FY 2012 on YOY
basis, from Rs. 3028 million to Rs. 3431 million due to
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Madhya Pradesh, Chhattisgarh, Rajasthan, Punjab, Chandigarh, Haryana, Gujarat, New Delhi, Maharashtra, Himachal Pradesh, Uttarakhand, Jharkhand, Jammu
Regd. Office: DB Corp Ltd.. Plot No. 280, Sarkhej-Gandhinagar Highway, Near YMCA Club, Makarba. Ahmedabad (Gujarat)
Business Office: DB Corp Ltd.. 501, 5th Floor, Naman Corporate Link. Opp. Dena Bank, C-31, G-Block, Bandra Kula Complex. Bandra (East), Mumbai - 400051
Tel: +91 22 3988 8840 • Fax: +91 22 3980 4793
41
DB Corp Ltd
•
Advertising revenues increase to Rs. 2465 million from Rs. 2360 million, reflecting a
growth of -4.4% YOY basis
Circulation revenues grew YOY to Rs. 620 million from Rs. 534 million, at 16% YOY
Net increase of Rs. 13.2 million in revenues from radio segment in Q4 on YOY basis
• Revenues increased from Rs.133 million to Rs. 146 million due to improved advertising
revenues
Print business EBIDTA margins stand at 21.2% at Rs. 726 million. The same factors our marketing
•
•
v
and launch related expenses of around Rs. 12.5 million in Q4 FY 2012 for Maharashtra launch
which have been booked in the revenue account. instead of capitalizing or deferring the outlay for
future quarters, considering the long term impact of these expenditures.
et. Print business PAT stands at Rs.448 million (13.1% PAT margin)
+ Print Business Mature editions EBIDTA margin stand at -29.7%
• An analysts and break up of Mature and Emerging Editions financials on a quarterly basis
-
is given below. We classify emerging editions as those which are below 4 years of age or
profitable since last 4 quarters, whichever is earlier.
Q4 FY12
Rs.Mn
'Emerging
Editions
Radio
Business
3085
346
146
3575
923
(185)
52
791
EBIDTA Margin
EBIDTA after preopex
29.9%
(53%)
35.8%
22%
923
(198)
52
778
EBIDTA Margin
29.9%
(57%)
35.8%
21.8%
Particulars
Total Revenues
EBIDTA before preopex
Mature
Editions
DBCL
Standalone
• Emerging Editions losses also include loss of Rs. 8.3 million for the new printing centres / Editions,
opened in the mature markets of Rajasthan, Gujarat, MP, Haryana and Punjab
DB Corp Ltd retains position as the largest print media group amongst national dailies with
19.1 million readers across India's fastest growing markets as revealed by the Quarterly IRS
data (04 2011) that were released in March 2012.
Dainik Bhaskar continues to maintain its leadership as the largest read newspaper of urban
India and has substantially increased its lead over the #2 player.
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,Madhya Pradesh, Chhattisgarh, Rajasthan, Punjab. Chandigarh, Haryana, Gujara , New Delhi, Maharashtra, Himachal Pradesh, Uttarakhand, Jharkhand, Jammu
Regd. Office: DB Corp Ltd., Plot No. 280, Sarkhej-Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad (Gujarat)
Business Office: DB Corp Ltd., 501, 5th Floor, Naman Corporate Link, Opp. Dena Bank, C-31, G-Block, Bandra Kuria Complex, Sandra (East), Mumbai - 400051
Tel: +91 22 3988 8840 • Fax: +91 22 3980 4793
I
DB Corp Ltd
3
Dainik Bhaskar continues its leadership status in Madhya Pradesh - with an outstanding
lead of 133% over any peer in the region,
o
In Madhya Pradesh and Chhattisgarh, Dainik Bhaskar now has a collective readership of - 5
million.
o
Dainik Bhaskar continues to lead in Madhya Pradesh with a lead of 133% over its nearest
o
peer and has AIR Net readership greater than the combined readership of its next 6 peers.
Dainik Bhaskar is the first newspaper to cross the readership mark of 1 million in
Chhattisgarh.
In Chandigarh, Haryana, Punjab (CPH), Dainik Bhaskar enjoys sole leadership with 2.2 million
readers, (IRS Qtr 4 2011).
o Dainik Bhaskar continues to dominate in the main towns of Amritsar and Jalandhar and is a
clear leader in 3 Jalandhar Amritsar and Ludhiana (JAL) - continues its dominance in
Chandigarh with 1.60 lac readers.
•
In Rajasthan, Dainik Bhaskar has a readership of 6.32 million and is a clear leader in Urban
Rajasthan with 13% more readers than its closest peer. Dainik Bhaskar in Jaipur has a city
readership of 1.6 million with a clear lead of 42% over the next newspaper. This trend continues
with its leadership position across 4 main reporting towns of Jaipur, Jodhpur, Kota and Bikaner with
•
combined readership of 1.72 million. Dainik Bhaskar, Rajasthan has gained 10% readership in last
4 years, while its competitor has lost a near equivalent readership share in the Rajasthan Market.
The Group continued to strengthen its presence in the Gujarati market by adding 1.1 million new
readers. Divya Bhaskar is the only newspaper to have demonstrated consistent readership growth
of around 13% in Gujarat since 2007 while the other major newspapers have declined during this
period. In Ahmedabad, it has 0.26 million more readers than its local peer and has crossed 1 1
million readers benchmark in the city. Divya Bhaskar continues to maintain its dominance in the top
6 cities of Gujarat. The cumulative readership of Divya Bhaskar and Saurashtra Samachar stands
at -4 million in Gujarat.
•
In Jharkhand, Dainik Bhaskar has further increased its readership by 0.1 million new readers to
0.73 million readers and is the only newspaper that has demonstrated growth in IRS Qtr 4. The
current readership figures are largely based on the Ranchi edition.
• Radio business turned PAT positive within 4 years of its launch - signifying the fastest PAT
break even by any radio company in India.
o Continues to demonstrate good progression - reports -10% growth this quarter
supported by a robust EBITDA growth of Rs. 13 million in Q4 on YOY basis
Digital business continues to show encouraging progress and growth
o
-
www.dainikbhaskar.com is the largest Hindi site with 110 million page views and the
3rd largest consumed news site in the country after Yahoo! News and Times of India as per
data of November 2011 from Comscore.
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Madhya Pradesh, Chhattisgarh, Rajasthan, Punjab, Chandigarh, Haryana, Gujarat, New Delhi, Maharashtra, Himachal Pradesh, Uttarakhand, Jharkhand, Jammu
Regd. Office: DB Corp Ltd., Plot No. 280. Sarkhej-Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad (Gujarat)
Business Office: DB Corp Ltd.. 501, 5th Floor, Naman Corporate Link. Opp. Dena Bank, C-31, G- Blodc, Bandra Kuda Complex. Bandra (East), Mumbai - 400051
Tel: +91 22 3988 8840 • Fax: +91 22 3980 4793
I
DB Corp Ltd
o
www.dainikbhaskar.com also emerged as the news site that commanded maximum
time spent by users. Users on average spend 6.7 mins on the site, which is 40% more than
the time spent on a peers site.
o
www.divyabhaskar.com is the largest Guajarati website with 40 million page views
o
This quarter we also kicked off the "hyper local project", where we equipped our reporters
with high end smart phones, for immediate impactful reporting. This has enabled them to
shoot and upload video stories from the field. We have been able to successfully pilot this
project in Jaipur and Ahmedabad.
• This project will be expanded to other cities this quarter
• Additionally localized city page with city specific content including events,
happenings, places to eat and see, blogging and reader stories. These initiatives
along with other technology optimizations, design changes have been successful in
driving up readership growth which is already reflecting in performance.
Announced launch of Dainik Bhaskar School for Media Education (DBSME) in association
with Dale Carnegie — a global leader in designing high impact training programs
DBSME is
aimed at providing an exclusive career program designed for DBCL professionals and help build a
pool of modern media professionals for the company and industry at large.
o DBCL staff will now have access to leading edge training and skill development techniques
—
and facilities. This association will assist DBCL's expansion program, and Dale Carnegie's
know-how will benefit DB Corp's employee to hone their skills. In phase 1, the emphasis will
remain on training programs which will begin first with the Editorial and Ad Sales team of the
Bhaskar Group. This program will cover a synopsis of the whole industry, which in turn will
help DBCL to gain a competitive edge over its peers.
DBCL strengthens its brand equity through several industry recognition:
o
Guinness World records Junior Editor 2012 - Junior Editor (The manual newspaper making
activity) has been recognized as an innovative initiative of Dainik Bhaskar group by Guinness
World Records - achieves record for being the largest hand written newspaper competition for
children with more than 67,130 entries.
o
Limca Book Records 2012 - On Holi (the Indian festival of colors) 'Dainik Bhaskar Group'
dailies Dainik Bhaskar, Divya Bhaskar and Saurashtra Samachar brought out the country's
first perfumed newspaper with the fragrance of kewra (screw pine flower)
o
4.2 million copies of the newspaper were distributed in all states
Sri Lanka-India-South Africa-Singapore Partnership Summit 2011 - Global Awards For Brand
excellence 2011
o
o Mr. Sanjeev Kotnala of Dainik Bhaskar Group was awarded 'Achievers & Leaders Award' for
Excellence in Brand Building and for his work in the field of marketing and branding.
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Madhya Pradesh, Chhatbsgarh, Rajasthan, Punjab, Chandigarh. Haryana, Gujarat, New Delhi, Maharashtra, Himachal Pradesh, Uttarakhand, Jharkhand, Jammu
Regd. Office: DB Corp Ltd., Plot No. 280. Sarkhej-Gandhinagar Highway, Near YMCA Club. Makarba, Ahmedabad (Gujarat)
Business Office: DB Corp Ltd., 501, 5th Floor, Naman Corporate Link. Opp. Dena Bank, C-31, G•lock, Bandra Ruda Complex. Bandra (East), Mumbai - 400051
Tel: +91 22 3988 8840 • Fax: +91 22 3980 4793
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DB Corp Ltd
About DB Corp Ltd
D B Corp Ltd. is India's largest print media company that publishes 8 newspapers with 65 editions, 191 sub-editions
in 4 multiple languages (Hindi, Gujarati. English and Marathi) across 13 states in India. Our flagship newspapers
Dainik Bhaskar (in Hindi) established in 1958, Divya Bhaskar and Saurashtra Samachar (in Gujarati) have a
combined average daily readership of 19.1 million, making us one of the most widely read newspaper groups in India
with presence in Madhya Pradesh, Chhattisgarh, Rajasthan, Haryana, Punjab, Chandigarh, Himachal Pradesh,
Uttrakhand, Delhi, Gujarat, Maharashtra. Jharkhand and Jammu. Our other noteworthy newspaper brands are Dainik
Divya Marathi, Business Bhaskar, DB Gold, DB Star and. DNA (in Gujarat, Rajasthan & MP) on a franchisee basis.
DBCL is the only media conglomerate that enjoys a leadership position in multiple states, in multiple languages and is
a dominant player in its all major markets.
The company's other business interests also span the radio segment through the brand "My FM" Radio station with
presence in 7 states and 17 cities, and a strong online presence in intemet portals.
For further information please contact:
Mr. P.K. Pandey
Head — Investor Relations
Tel: +91 22 39501500
Email: prasoonebhaskarnet.com
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Madhya Pradesh, Chhattisgarh, Rajasthan, Punjab, Chandigarh, Haryana, Gujarat, New Delhi, Maharashtra, Himachal Pradesh, Uttarakhand, Jharkhand, Jammu
Regd. Office: DB Corp Ltd., Plot No. 280. Sarkhej-Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad (Gujarat)
Business Office: DB Corp Ltd., 501, 5th Floor, Naman Corporate Link, Opp. Dena Bank, C-31, G-Blodc, Sandra Kuria Complex, Bandra (East), Mumbai • 400051
Tel: +91 22 3988 8840 • Fax: +91 22 3980 4793
Gupta Navin K. & Co.
S.R. Batliboi & Associates
Chartered Accountants
14th Floor, The Ruby,
29 Senapati Bapat Marg
Dadar (West),
Mumbai - 400 028 India
Board: (91-22) 6192 0000
Fax : (91-22) 6192 1000
Chartered Accountants
Near lnderganj Square
SDM Road
Gwalior 474 009, (M.P.)
Ph : (91 - 0751) 2378302
: (91 - 0751) 2457333
Limited Review Report
Review Report to
The Board of Directors
D.B. Corp Limited
We, S.R. Batliboi & Associates, Chartered Accountants ('SRB') and Gupta Navin K. & Co.,
Chartered Accountants ('GN') (collectively the joint auditors') have reviewed the accompanying
statement of unaudited stand alone financial results of D.B. Corp Limited ('the Company') for the
quarter ended March 31, 2012 (the 'Statement"), except for the disclosures regarding 'Public
Shareholding' and 'Promoters 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 has been approved by the Board of Directors.
Our responsibility is to issue a report on the Statement based on our review.
We conducted our review in accordance with the Standard 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 Statement is free of material
misstatement. A review is limited primarily to inquiries of Company personnel and analytical
procedures applied to financial data and thus provide less assurance than an audit. We have not
performed an audit and accordingly, we do not express an audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying Statement of unaudited stand alone financial results prepared in
accordance with recognition and measurement principles laid down in Accounting Standard 25
"Interim Financial Reporting", notified pursuant to the Companies (Accounting Standards) Rules,
2006, (as amended) and other recognised 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.
S R &Slip
For S.R. Batliboi & Associates
Firm registration number: 101049W
Chartered Accountants
For Gupta Navin K. & Co.
nn registration number: 06263
arte Accountants
1
per Amit Majmudar
Partner
Membership No . 36656
Mumbai
May 04. 2012
p r Navin K. Gupta
P rtner
M mbership No 75030
213
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511 Dammam aid mortaban expense
00Mer tartan
Total masses
2,40237
6041.77
Profit from carman. bare oar Seat, finance <fah sad nu mina iron 0 -2)
Othet mane
Prat from ordinary sefivines beam fiamee tea tad rampant Ma (7'4)
Dam ants ary
Predi Dom ordinary activities Aar fiance tax but bear maximal arms 154)
Cumming dant
I
11 fa pit from ordinary nava., after Ma 19.10)
12 Emanate, mmt Ina oda tames of Ps Ni)
13 Net teak for Me peradryme (11.12)
14 Pada equry the modal Dar value Its. M. full) pad)
15 Rotas nada madame time as twr balm them of mamas mammy as
16 [amity pm slam (EPSI
ES brim.: ex &mama ma
-Bast
• Wad
• Chlad
17 Dividend pm it..1pm • ar a 10 tab. Ion! paid)
ban., dward
Fabi. Mahal
Total thadend
I
Parnaiba a“...3.33,.2
Pada Maraud/ling
• Num,. of dun,
• Peromma of thanholdrit
1 Promoters and Promoter map abstracts{
al Pledgedbarmanra
• Numbm of thaw
- Pacoimaof 4.anw (as a %of the tal shartholdas of
Masa and kornola group)
• P000arto Or shard la, a %of the oral Ma raped of
Sc Company)
0 Nenarabtred
• Naar of 0:4A3
• Pawns., or 'hart, sal a %of the tomisharcholrIng or
ptomain ad preetar gasp)
• Prantam of Maas Di a %of the mud sham sada of
Sc Capaat I
361238
15234
3669.74
la 13
1.3213
649135
236
253
306
306
233
237
11 36
11 34
14.73
14.70
2.53
2.53
306
306
238
237
1136
1134
14,73
14,70
1,73
175
•
201
750
1.75
1.75
2.00
•
3.54
200
200
440
24,476,373
1337
24.172203
13 57
23.419471
24376175
D.3
1357
63.436,929
41.54
65,019.001
4104
61423319
65,816930
II 54
61,321719
3916
3391
3547
33 13
35 91
33 73
92.615640
5346
93.4/2921
566
6040,041
92.615.010
58.46
94040.041
6034
5032
5096
32 40
50 52
52 40
FPS .0,, caraardouri Ions
.11414
3,657.60
14193
25.419471
3.3
3916
604
Nan:
II
The stament of ttamtaked unmated lamas fin Sc quarter mad Muth 31.200 ham been mama by the Audi Commas ard alma by the (*.IN
Suntory adman hat mama a lanai 'tray.' of time Farhat arcs of Chute 41 of Itx Laws Amara
Dmmnas ac among ad on Ma. 04. 2012 14:
2 ) The 899,11 of Dram d415€ Comary • a that mfrait /al 00 Ma, 5 2010 had sPrOws1 thr Same of Artanaaneni ('the Same) fog cargo of rain bunks, of Syttialry 5laba F urtanmac farad
ISMIEIS one of dm ,.blows of a Company, by war of damn Sc tam am SiSEI. ,
wall afro Item appanta dyc Lc Aped I. 2010 Durum as was odd March 31.1011. de Compact. had ranad
appeal am Bombay Shia Fadunge lama and Nasal Stock Eaange of Ian Lana for the Scame Foram. Doable eon &Guar and Madhya Math also had amorded Oar sancta to as
Selma ta lanai 17.2011 ad lama. 13. 1011 respeana Subaquato a approvals. Me Company had Mad the man of tho raspane Hach rota w6 OK Rasta of Compton a
Gaga and Madhya
Praksh on Erbium, 16, 2011 and February 15 2011 marina and *bursa Ore
approml r the Mmtsv of Mamma d linicamang. Goirmment of las oet Musa 10, 1411 Ate:Maly the Saar
Wall% (Moat from March 30 2011..6 mama dice Aped 1 . 2010
31 Duna Sc tarns )ear. ON Compel) command 41 openeons m the pia of Mandan warn the at amens arc Dada Pala dured as onwni au one mom cam was bunched at Sc sum of
Maraud lie auks brOt mancebrar ettdol Mali31.2012 stank catenary <haled amok and lots mare which nert .tura. onetime pre tench um as
SIGNED FOR IDENTIFICATION
BY
4Vn
S. R. BATLIBCI 8; ASSOCIATES
AIIMInor
0 TV.: Math of uffinnum of proccdts of Intel P5M0000 CIPOI)as dam' =dm Clause 13 MSc Wong Aginemint et m under
Ammo babe otIlmod
se pa Prospects,
Pardelors
Scrump* nen pablubette owls
Windom dams plant *Id III•46e:14
Saks and nuateme
Raltretagnoriamadnue loans
Propaamgtmstoge um locos
Issoc expensed Pad om of 180 mowed.
Total
Atmal Iliilitaiim ial
Nlareb 31.2012
799
303 00
50942
501.00
41 46
330
1144
TIM CO
11160
2,56646
1 42 6 1
IA90.07
?coding •tilidloa. as M Mirth 31 : 3012t 14 foods
Me
n
00000
1.10703
Balame tobe
veiling( ands
tanned)
1199721
00.121
49320
•
3101
12347
*mem-arid held to
Paefic•lais
A mos et
al rived depend
5) Dna,. In convat anamnit
ID) 1.10
367
12367
Total
As per the prommet m the Pro, mem. do management of the Common Ma dc Gann to (barns d,e 11110.2.1 anal as mu disk Si Woman of 180 partved. proposed m th: pcommun &pendant on de
busted. undo and funding naqvuerners Adocengh Sc mormeemni Nt nd14min1 the prothaned mleaton at Salo.
a) The NowedslIkVAID1 lowarda Saks and nvackang
Minnted aid IP() cotpmmrd ly unmans:4 flout! bested IN mann !mann. pthlalung um:sad u4mdop J.cnon plan, and madmen.
10 The thoecait mold be ualdd fon scathe up of non dAas1142u tam. A nell a upendmg the mean plam and =Mudd te locabons macs ca adduce to Pro macs of Imam. r 11414 23 mcntioacd m Sc
dollthstos
the Ando Common and Si Elcurd of Comm-sof do Commis n Si mcv00( Add on Mut 09 2012 have mammd Sc revoc4 alma m resolum wham of premeds of 1P00I 6Lenb 312012
5)
Side the scemoro mfoornatron as per Account:1 Sundard 17 Seim I lksponum wafted 10 de CC4119.110.3 (Ammung Surbluda) Risk, 200S. (as aneMN) is peov 4d on du: baste of amoldmed fonmeal
rinds the sac n not movtekd eipactwb come standalone mob
6)
The income ix en cilium oiled Dommba 31 2011 molades romp: from odman:num publthed donne the dude masons
7) TM Board of Dream has devlaml sn munan thdlend of Rs 1 73 po equity dart of face take of
Re 10 cacti lbc ssreg wogld tc
pad on Maa 22 2012 man clre* thresholds, as on Maa 16.2012
I)
Patticvlan
Peslimg ai do
brei•Mog dem
flamer
Received during dw
dunes
Dispened of dons.
Me mono.
Remaining
mmolved m the
sod cri ilir (puler
NI
7
7
Nil
Number ofcceplamt
9) Stu(dlone slamem of mums and labAber
PardoIan
As at
March 31.2012
Masa 31.2011
Edon, and Intbdthn
SItmeholdem funds
(a) Slav ca. ul
1.13309
204209
921529
1.82209
6220.37
255311
fb) Mad, LeA 1•1611/41 (411
(CI lnctWM pm toms
1.021 NI
74580
30.71
1.205 09
1.22124
04 44
3345
1.11429
Omni Imbilans
(al Stonbad borron nos
lb) 1 male p..11 n 1:5
(0 Otha cumni lobed,
(d)Sbonierm annum,
1.09716
1.06241
L34399
627 13
76107
05) Rocnt, 3,2 drab,
Nod conceal bedlam
(al Imp tem bedding.
TOTAL
123227
50466
3.12513
15.716.12
1329243
'
42622
Asam
11995
9.61290
An !
127.67
16158
UM;
Nodeorrent asset.
(a)rdcdancts
th)Non-cunten mest-urntt
(9)Loaglinn Soma end Mudd
WI Other temcondt mite
231011
Carrem adds
(a) Intentones
MT.& rommbks
(0) Cad and ssbogunalus
(d)Shormenn lows and advances
lel Odin (rani trans
1.1$3114
2.44226
126790
523. 33
15.91
Torn.
6.0332$
721103
271369
1,62742
105 11
1527
522252
15216.111
13.79243
00 710 clastuttcanonr dolmas of rims in the buimul molts ae n accorddece nth Rnucd Sthoduk VI of the CommasAm R IM
II) Pdamos veacs (Imnodb fibres hat been mptanpedf redatsefied miaowed conudened amessad
tat ands betel's( Mc Hap
SIGNED FOR IDENTIFICATION
BY
Place: Mash
D41•1 M27 143012
D.O. Corp Luml
Roetnevvt
Clmbam f Du
S. R. BATLIBOI & ASSOCIATES
n
Gupta Navin K. & Co.
Chartered Accountants
Near Inderganj Square
SDM Road
Gwalior 474 009, (M.P.)
Ph : (91 - 0751) 2378302
: (91 - 0751) 2457333
S.R. Batliboi & Associates
Chartered Accountants
14° Floor, The Ruby,
29 Senapati Bapat Marg
Dadar (West),
Mumbai - 400 028 India
Board: (91-22) 6192 0000
Fax : (91-22) 6192 1000
Limited Review Report
Review Report to
The Board of Directors
D.B. Corp Limited
We, S.R. Batliboi & Associates, Chartered Accountants ('SRB') and Gupta Navin K. & Co..
Chartered Accountants ('ON') (collectively 'the joint auditors') have reviewed the accompanying
statement of unaudited consolidated financial results of 0.8. Corp Limited ('the Company') and its
subsidiaries (such subsidiaries together with the Company are collectively hereinafter referred to
as 'the Group') for the quarter ended March 31, 2012 (the "Statement"), being submitted by the
Company pursuant to the requirement of Clause 41 of the Listing Agreement, except for the
disclosures regarding 'Public Shareholding' and 'Promoters 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 has been
approved by the Board of Directors. Our responsibility is to issue a report on the Statement
based on our review.
We conducted our review in accordance with the Standard 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 Statement is free of material
misstatement. A review is limited primarily to inquiries of Company personnel and analytical
procedures applied to financial data and thus provide less assurance than an audit. We have not
performed an audit and accordingly, we do not express an audit opinion.
In respect of unaudited quarterly consolidated financial results, GN did not review the statement
of unaudited quarterly financial results of two subsidiaries whose unaudited quarterly financial
results reflect total revenue of Rs 20.42 million for the quarter ended March 31, 2012 and total
assets of Rs 64.80 million as at March 31, 2012. The financial information for these subsidiaries
has been reviewed solely by one of the joint auditors SRB, whose reports have been furnished to
ON.
In respect of unaudited quarterly consolidated financial results, SRB did not review the statement
of unaudited quarterly financial results of a subsidiary, whose unaudited quarterly financial results
reflect total revenue of Rs 9.91 million for the quarter ended March 31, 2012 and total assets of
Rs 40.73 million as at March 31, 2012. The financial information for this subsidiary has been
reviewed solely by one of the joint auditors GN, whose report has been furnished to SRB. Our
joint opinion on the unaudited quarterly consolidated financial results is based on these reports.
ac
2-f c
S.R. Batliboi & Associates
Chartered Accountants
14m Floor, The Ruby,
29 Senapati Bapat Marg
Dadar (West),
Mumbai - 400 028 India Board: (91-22) 6192 0000
Fax : (91-22) 6192 1000
Gupta Navin K. & Co.
Chartered Accountants
Near Inderganj Square
SDM Road
Gwalior 474 009, (M.P.)
Ph : (91 - 0751) 2378302
: (91 - 0751) 2457333
Based on our review conducted as above and on consideration of reports of SRB and GN on the
unaudited quarterly financial results and on the other financial information of the subsidiaries,
nothing has come to our attention that causes us to believe that the accompanying Statement of
unaudited consolidated financial results prepared in accordance with recognition and
measurement principles laid down in Accounting Standard 25 Interim Financial Reporting notified
pursuant to the Companies (Accounting Standards) Rules, 2006, (as amended) and other
recognised 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.
R2), aft; 6 a: I I)1 --t
For S.R. Batliboi & Associates
Firm registration number: 101049W
Chartered Accountants
fy-sed
0 .1
per Amit Majmudar
Partner
Membership No.:36656
Mumbai
May 04. 2012
nbe (nn
For Gupta Navin K. & Co.
Firm registration number: 06263C
Cha erect Accountants
1
Nt
er Navin K. Gupta
artner
embership No.: 75030
D.B. CORP I,B1 rrE D
Rey red ante: Plot No.180. Saida: • (1444bin4tar Ifighway. Near %MCA (1lub. Mukarba. AAmtda1/bl tLoYraIZ
Statement of consolnlated unaudited malts for the winter ended March 31. 2012
(....• unman este Parelndan
March 31. 2011
Quarter mad
December 31. 2011
Man* 31.1011
Unaothled
1 ending
Voatalimd
mme se per snare ma*/
Year gelled
March 31. 2012
March 31. 2011
Ithaodited
*ISM
Income from 4pers1less
ry
a) Sci sakimeorne Dan names
b) Cabo opera:int meanie
9.25146
263.22
7.031.20
142.47
13.713 10
35261
925 28
11,195 64
456 80
Total Ithmade from operations
3906.17
3,1535-51
3,17377
1663253
12,652.44
1.30166
3.13908
3.69229
Expenses
al Raw macenth consumed
1.350.40
1941.57
5.0/042
(04*)
10041
(0 60)
61019
610.75
(004)
491 95
(0 42)
41 Emploryes benttei ',pm..
1429 21
d) Deprecate° and aroonnse Jo, ripens.
1.14564
130.70
13444
10 Oncreaselthereary a =mutat, M relished pods
III 36
505.66
43244
9)7.27
956 53
844 21
3.57613
2,93717
2978.94
2,072.011
1,419915
11993.77
904.13
627.33
813.43
6$431
904161
391231
34 39
24 78
36 36
115 31
141 76
Profit from oalusary aciivities before II nnnnn (nu and 4 nethion al items 13-41
661.72
908.21
MA
3.159.92
3,740.07
imam costs Into
(5911)
80 63
3417
115.31
153 03
Peat them ordinary activities after finance coos but before curliness. Hems (5.6)
Except:nal rams
630.83
827.53
4611
3904.54
3917.04
Profit Irmo ordinary at nvitin befon las 17 ith
Tax expose
68093
82753
68691
390254
3.547.04
a) Cunene us
20150
271 45
(0 073
111272
930 70
91379
2737
16,77
51.17
3589
21667
171-33
135.49
98197
99063
452.16
556.21
451.32
1,021-67
1,587-16
45114
67.20
45132
•
2,02237
153736
41 Other experts
Teeth e•onnes
•
Perth from optralitnt before or her income. flaanct cods nod evr.eproc•nal imam 111)
Other name
anP
2
6)04(0744 tax
Nei profit from ordinary octivItin after lax (0.101
•
rr.
Extrandr.u) 'Inn. marl Of tax expenses of Rs Nil)
Net pant for He prrIoddryse (11.0)
Meares mete° m the bast--xporei of sots:thanes
n
Net Prong after Mx. Minoriry bereft and after eatmosdlnary Kama 113.14)
Pad-spa eta°. shut caraud (psi mks 8$10. futh paid)
1 6)
(262)
(1.35)
(1 56)
451.04
561.53
449.97
3911.11
(2 59)
3914.77
1.133.4
2833.04
1.102 63
1.3)101
193213
•
1:-
Rearms mcludny Inakaban reserve as ;et hams then of previous woman year
6,41699
Eamints par than (E75)
EPS before eNtrbalmar, RCM
.Bret
143
3.02
248
11 03
14.24
247
3.02
247
1101
14.22
-Rum
2 48
3.02
244
• DOuted.
11.03
1414
247
3.02
247
11.01
1422
1.75
175
200
310
2.00
1.75
1.75
2.00
3.50
2.00
4.00
24.876.371
24.872,2%
25.419.471
24.876.373
25.419471
13. 57
13 57
387
13 57
133
65.316.979
65,019,001
61.823.719
65916.939
61.823.719
41 54
41.04
19 16
41 51
)916
35 91
35.47
33.73
75 91
33.73
• Math
FPS MIci ...tn.
••• :terns
Dividend me than 146. value Rs. in nob. fully wad)
Ir•erim dm-Send
121A .:-./..://o/1
Tome Iltmclend
P nnn i cc Ilan of th•rebolding
Public shareboldmy
• Arket (.1 shArct
- Percen/ar of •Itiel,11r . . :
Pionset..
And
Numblyr troop tharthAlding
0 Pkdthdenrynnatred
- Nana of shares
- Percentage of thadm (as • % of the kin sharehoryra of
FOIlleden and mown goup)
- Pacmage of slates Oa • % oldie Mel share capeal of
the C00119117)
10 Nat•Mitmebond
- Number of shares
92.615,040
93.412971
96040,041
91615.010
96010011
• Pentair asthma (as a %o( In total shall:bonny of
pennons and promoter pop)
58 46
SS 96
6034
58. 46
60.84
' PatenNi* Of shwa (as a %ebbe total Art (*paid of
50 52
5096
5140
50.52
52.40
the Complex)
Notes:
I)
for die muner aided Minh 35. 2012 have ben remand by the Audn Commmee and append be the Board of Daman al the meant had on Ma) 04. 2012 The
Standar) Amnon hare conducted a laced Rears' atone miths in twat of Clang II or ts Long Agnetnent
The moment of otemobthied tnledlltd MUM
2) The satemmi of o9nsohda444 unaudited moan foe the quarter ceded March 31 2012 are ptepared n uthedrace 92 the requnmonts of Ammon Standard 21
the Cc:0VMM (Accototing Sundards) Lan. 2806 (as aineackd)
'Re theca] maths ate folbiang names luxe boas consoklated wadi the anoxia, results of D . B.Corp Lamed (the 0:00
940)
SobsIdiades
• thnenth Meths Entemsnment Lamed ('SMELT
- I Medsa Corp Lanne04714Ce) - Days Prabbal Pubfasaans Pmme L1 Inn taw tram
SIGNED
41,701 1)
IF OR IDENTIFICATION
fv\ijrv-v-ria.
S. R. BATLOOI & ASSOCIATES
7
Corrioldwal
3)
The Bond of Directors of the Comport. on thee meeting hell on Alai 5 2010 had ornoved the &Tame of Anent...them Cte Scheme') foe merges of rod* busmen of S.terth Meta Fthertommem Longed
(SMEL). one of the sub:Wanes of the Comport b tai of demerpng the same from SMEL tub effect from appointed clan t e April I, 2010 Dump the year ended March J I. 2011, the Cartons had rented
apron) from Bombe) Mart Fochonse termed and National Stock fathom of lana tented for the Scheme Further. Borba: nth coons of Gram and hladtha Peidesh oho had occluded their mann to the
Scheme as Sayan II. 2011 and January 13. 2011 ranch* Subsequent to the &month the Compans had Med the orders of te rectuctte MO Coons AM the Registrar of Cornames of Oath and Marin a
Pradesh en February 16. 2011 arid Febreor. IS. 2011 respect.* thd assayed the *wood from .4 %num of linxthauth G Boadthumg Gownsman of India. on March Mt 2011 Accordrer. the Scheme
became (form from Mirth 30 2011 tali apposed date Apr/ 1. 2010
As per Cisme 4 g of the Scheme. the unabsorbed deprecation and
KC sandaled
In louts of WEL Isti March 31. 2010 were transferred to the Comps". Ouch nett art off b. the Compton lade commons the
Cement Tax prom= for the sew ended Match 31. 2011 Impart MIN Scheme on Consolidated Profe after is foe the yeat ended Meath 31. 2011 a as under
Pull...len
Amount
Contelidated Profit per in n regaled
2,SM 77
lent '
Impact co current en ref deferred In en account of wabsoebed deprecation and
tutu:rained tr. losses of Shift tit March 31. 2010 en accordance ton the Scheme
Add:.
(261 73)
Reduction it titerf mrsxth meet in the kisses of rosho bitten
4698
Profit after In Mahan cenaideriag the Impart of the there adjustment tithing
eat of lbe scheme
4)
2543.111
Ding the err* arta the Compana commence. tn <Teutons e the state of Maharashtra the:cm the nen tants were !meshed Further dumb she CIATC114 year one mare edmon was latched n the slate of
lhartkand The results for the quarter, ear ended Muth 31. 2912 autate emotion chatted to profs and Ion account wroth were gloated on thrum pre hatch sambas
11 The 6rtal6 of Wheaten of prceeeds of !that Put* Offer
rim.) m mimed under Clause 4) of be lag Apemen' we as wan
Parsienhus
Amount to be utilised
Actual TOUntie. till
Balance to be milted
St per Pr...preps,
Mars 31.1012
r Mums utilised)
Setting up rut public-lam acv
6.:006
799.72
119.72)
Orthabrut ethane tiara and machmery
303a10
Sales and thateung
301.00
50912
110
(101.12)
492.20
41.46
41.44
•
1,100.00
1,10300
141.61
111.60
31.01
WON,
254.48
12337
Reducing toning copal loans
Preps. ea thrtmg Ienn lent
Issue <manses pal or of 1PO pr.:reeds
Total
-
tending uiluaun, n at March 31. 2012. the fund. are temperer:1y held in
Particular,
Amount
al Feted depose
b) Balance in cutterg urnal
110.00
3.67
Total
123.67
As per the prothrts tn the Prospetha. the management of the Coogan. has tan dn. enon ea change the *location as wet as reschedule the utile...lion of IPCI threads proposed as the ptothectus dependag cm he
busmen Kenny end Senn lequannern ACcortteig7) the management has reallocated to prtuthed uubsauori in feints
The Protect annered lonarth Saks and ineketn enPenses and 170 expenses and hemp so-Oned would be nled fa selling sr of nms Publahroft thnn and uhtlarril the mouth: Pant and enadintnh) The Pierced, soon be tubed for sating up of new publalung una as well as thendeR the ethane tam and nutmeg, al Ithohom • 1131.1 n addison to the number of Spawns • with menbthed r• the
P1 MtClus
a)
The Awls Committee and the loud of wanes of he ennpn) at then meeting held on May 04. 2012 base apprond the reined allthatet and 1.$411lnt U11113al0k‘te proceeds ails() id Match 31. 2012
6)
The income for the owner ended December 31. 2011 uulude. rename from athertesorents thrasher ething the tenth scant
7)
The Bo* of Directors has dechred an thorn dation of Its 173 per thus. than of face nlue of Its 10 each The ume Dun be pad on Me. 25. 2012 to all nittkie nueSnlers e on May Ifs 2012
I)
Particulars
Peadint at the
berthing of the
Received daring the
quarter
Dhow* of daring
Remnant
the quarter
7
7
unreseted at the end
of the thence
MA
nuatne
Nventur of complunts
htil
SIGNED FOR I
BY
S. R. SATI-1301&
;77CA'IlON
AS:.i0CIATES
s1 6
9)
('c.sSdaW.uementol .mets and kabithes
?anion..
014 al
Muth 31. 2011
Msnli 31. 2011
Equal and Ilatolann
Shanhalden' Nada
(a) She< tactual
IA)) 09
1.33251
1b1 Resents and tur6us
775728
6.8391
9.590 37
1.258 75
1541
379
102158
1.384 24
74317
30 71
69466
36 19
180516
2,11509
00 Short-tem 1v:crowns
1.1013*
627 13
(b) Trade payabln
IOU 93
7661.5$
(<1000 eunent habitats
1354 35
1.2444
(I) Short-term ptentotats
4092
103157
3.14102
1564331
13.349.65
7.932 86
46016
7,09093
$67.33
62901
%Haar: iy Interval
Nan-ea/rani Itabllitles
(0 tont/ern boron atca
(b) Dewed ta. hattlart (net)
(c)Lonptenn ponatcts
Camel 11.0411114s
TOTAL
504 117
Antes
Nom-clarttal With
(a) fated assets
09 Nba-ennett nnninanus
le) Leetusin k
and adt00n
(0 Odnal nen-etrreet assets
162.81
89 95
97.76
9.350 52
7910 51
Comet onsets
(a)Intanlanes
Olinda teCenlites
1.185 65
728.03
2.41060
2.4081
It) Cask and 00 equittlents
1.883 94
1.727 16
526 89
69722
(d)SbeeltIntne loss and *Mates
(e) Other wren assets
TOTAL
10) The datsdlettax0docletare of tem n the fitunetal multi
ate
15 91
15 87
6.09299
5.569 II
15,44331
13,90.0
et accordance with Reused Schedule VI of the Centpunn Act 1956
II) P190694 7 4114/119110:1.4 (040 hale h441n 1e-t/Oaped "reclassdled *MIMI ceasadeted necosan
r or and en behalf of the bowl or Dinthart al
Mr carp Limits
Place : Mumbal
Date: May 04.012
44
0
D.B. CORP LIMITED
fictistertd olio: Plot NO.240. harkbej • Gandhimar Highway. Near VNICA Club, Slakarba, Ahmedabad 'Gujarat)
Mtmatneise Revenge. Results and ('apical Employed
las. in rinumell
Omelet faded
Particulars
\gar Med
March 31.1011
Drafty 31,201 1
Mardi 11.1101
Morn 37 `All
MuftiM.2011
Umgdised
Ibusoflal
tragnited
thuodiad
nodoed
I Seamen. Revenue:
(0 Priming and Publishingof Newspaper and Paxidrtals
0) Radom
le) Esau
(4) Oth.n
Total
le) lam Into Segmen Revenue
Nei SaIn / Income ram Operation.
3.30705
3.73402
146 36
44 54
15677
48.08
.90301
111 74
13,833 S6
534 82
47 52
194.73
12.001 70
469 48
175 31
18 50
18.44
1017
73 63
40 14
3.01034
3.957.31
3.179.49
12.686.63
34 19
407
1.60
3.42
14465704
18.66
360627
3055.51
3.17347
14.6313.8
11,652.44
6224
873.75
694.20
3.063.41
26.29
0.27
(1947)
16.49
9.48
114.0'/
1315
17.02
3.691.57
(2133)
(US)
(18.41
629.95
83365
667 13
2522
171.621
3,07409
173.50)
3,607.72
(19.11)
8063
122
3417
251
155)8
948
15303
947
136 351
611631
(115.311
3.0434
1141161
34117.04
7.82443
735 18
9,402 66
64. 45
7,884.48
738.111
12.31
174.23
(733 24k
9,494.44
2 Segmmg Restart Profit/11ms) before Tag and
Were,1 from nub segmeni
W Pnnungard PON/mg of Newsmpet and Pair:duals
00 Radio
tel
Event
00 Orton
Tsui
Iwo:
00 Interest
(.3 Other Umallocable Expenduurt (n01
Ca) Vmallocable Income
262
131.39k
124.781
Total Pr Ill Wore lac
3 Capital Employed
6110.113
82735
9.40268
9.349.69
640.48
1131
6E250
23.30
174.23
186.35
11138.421
14 15
?35'98
(716 66)
90103.92
837693
15ornmt assns • Swann 17353111380
ta) Punting and Publishing of Newspaper and Penrtherts
0y Radio
(4)
kb
Event
Cellars
le)
Ceullocated
Total
(733.241
9419644
STONED FOR iffiNTiFICATION
BY
S. R. Bini.:13C. A;.?..;;;CIATES
12.04
14.15
238.98
(11426)
11,171.03