Kesar Terminals & Infrastructure Ltd cmp (65.00)

KESAR TERMINALS & INFRASTRUCTURE LIMITED (KTIL) was incorporated on 21^st January, 2008 as a wholly owned subsidiary of KESAR ENTERPRISES LTD.

Over the years DTC increased tankages at Kandla from a mere 4,000 Kls. in 2 tanks in 1 Terminal to nearly 1,26,783 Kls. in 64 tanks in 2 Terminals, located close to each other.

The tanks at Terminal No. I at Kandla are situated right in front of the Jetties ensuring a quick and smooth loading and off-loading of bulk liquids at a high pumping rate. Multiple Jetty Lines permit simultaneous discharge of cargo from more than one vessel at any time.

Quarter ended Year to Date Year ended 201309 (3)  201209 (3)  % Var  201309 (6)  201209 (6)  %Var  201303 (12)  201203 (12)  % Var   Sales 8.89  6.63  34.09  17.01  13.01  30.75  29.52  23.30  26.70   Other Income 0.03  0.02  50.00  0.09  0.05  80.00  0.10  0.25  -60.00   PBIDT 5.01  3.78  32.54  10.20  7.59  34.39  17.59  13.96  26.00   Interest 0.50  1.16  -56.90  0.92  1.29  -28.68  2.13  0.82  159.76   PBDT 4.50  2.62  71.76  9.28  6.30  47.30  15.46  13.14  17.66   Depreciation 0.75  0.69  8.70  1.49  1.33  12.03  2.75  2.79  -1.43   PBT 3.75  1.93  94.30  7.79  4.97  56.74  12.71  10.35  22.80   TAX 1.35  0.70  92.86  2.75  1.80  52.78  4.46  3.45  29.28   PAT 2.40  1.26  90.48  5.00  3.32  50.60  8.39  7.08  18.50   Equity 5.25  5.25  0.00  5.25  5.25  0.00  5.25  5.25  0.00

Year Mar 13 Mar 12 Mar 11 Mar 10 Mar 09(15) Sales Turnover 29.85 23.41 20.58 18.32 0.00 Other Income 0.10 0.24 0.14 0.19 0.00 Stock Adjustments 0.00 0.00 0.00 0.00 0.00 Total Income 29.95 23.65 20.72 18.51 0.00 Raw Materials 0.00 0.00 0.00 0.00 0.00 Excise Duty 0.00 0.00 0.00 0.00 0.00 Power & Fuel Cost 0.73 0.64 0.62 0.43 0.00 Other Manufacturing Expenses 2.05 1.31 1.83 1.85 0.00 Employee Cost 6.35 5.13 4.41 3.66 0.00 Selling and Administration Expenses 1.68 1.46 1.72 1.23 0.00 Miscellaneous Expenses 1.55 1.15 1.08 0.64 0.00 Less: Preoperative Expenditure Capitalised 0.00 0.00 0.00 0.00 0.00 Profit before Interest, Depreciation & Tax 17.59 13.96 11.06 10.70 0.00 Interest & Financial Charges 2.13 0.82 0.96 1.23 0.00 Profit before Depreciation & Tax 15.46 13.14 10.10 9.47 0.00 Depreciation 2.75 2.79 2.76 2.42 0.00 Profit Before Tax 12.71 10.35 7.34 7.05 0.00 Tax 4.32 3.27 2.42 2.72 0.00 Profit After Tax 8.39 7.08 4.92 4.33 0.00 Adjustment below Net Profit 0.01 0.00 0.00 0.81 0.00 P & L Balance brought forward 11.16 6.32 3.42 0.00 0.00 Appropriations 6.85 2.24 2.02 1.72 0.00 P & L Bal. carried down 12.71 11.16 6.32 3.42 0.00 Equity Dividend 1.58 1.31 1.31 1.05 0.00 Preference Dividend 0.00 0.00 0.00 0.00 0.00 Corporate Dividend Tax 0.27 0.21 0.22 0.17 0.00 Equity Dividend (%) 30.00 25.00 25.00 20.00 0.00 Earning Per Share (Rs.) 15.47 13.09 8.95 83.20 0.00 Book Value 66.51 54.04 43.47 293.40 10.00 Extraordinary Items -0.08 0.01 -0.06 0.01 0.00
Though the industrial activities are sluggish, the demand for tankage is expected to remain firm. However, two new bulk liquid storage terminals coming up in the port of Pipavav may lead to shift of some cargo from Kandla to Pipavav due to proximity of Pipavav to consumption centres in Mumbai and South Gujarat. This may lead to marginal depression in tank terminalling charges at Kandla. The Company has also plans for putting up additional tanks in Terminal No.I subject to receipt of statutory clearances for which applications have already been submitted to the concerned authorities. EXPANSION / MODERNISATION The Company is awaiting necessary permissions from the authorities for the construction of additional tanks at Kandla for enhancing revenue. During the year, the Company converted 2 Mild Steel (MS) tanks to Stainless Steel tanks (SS) which has enhanced revenues. Based on the market scenario and the demand from its customers,   Company proposes to convert further such MS tanks into SS tanks. The Company has about 10 acres of land on long term lease basis at Kakinada port in Andhra Pradesh. The Company plans to put up both Dry Cargo Warehousing and Bulk Liquid Terminal facilities at Kakinada. The Company has already received approval from Inter Ministerial Committee for putting up a CFS on the 16 acres freehold land purchased by the Company at Pipavav port in Gujarat. The Company proposes to set up a Container Freight Station [CFS], Bonded Warehouse and Bulk Liquid terminal at Pipavav.
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