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To: Mohan Marette who wrote (7632)	10/1/1999 10:44:00 PM
From: JPR	Read Replies (1) \| Respond to of 12475

Poop Troops on high-alert:"Pooper Scooter" on the move!!!Western civilzation in dire straits. Scoop (story) on superduper scooper on a scooter by a trooper. The Parisians:faced with dog-do and slipping on Canine excrement are using super-duper scooper scooter run by poop troops. Very interesting Scoop (of a story) JPR

To: Mohan Marette who wrote (7632)	10/1/1999 10:54:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

CompayWatch-The Thapar Group JCT Ltd jctltd.com jctltd.com BILT Chemicals Ltd biltchemicals.com Greaves Ltd greaveslimited.com Thapar Center for Industrial Research & Development (Non Profit Org) thapartech.org ================= BILT Q1 net likely to touch Rs 11 cr Girish Chadha & Sanjay Sardana -------------------------------------------------------------------------------- New Delhi, Sept 30: Paper major Ballarpur Industries Ltd is expected to notch up a record net profit of about Rs 11 crore in its first quarter ending September 1999 and Rs 50 crore in the full year ending June 2000. Turnover is expected to cross Rs 1000 crore during the year. The first quarter performance shows a phenomenal 100 per cent growth in net profit over the Rs 5.50 crore profit in the quarter ended June 1999. Bilt had recorded a net profit of Rs 16 crore in its 9-month accounting period ended June 1999. With paper demand as well as prices firming up and the company having a strong order book position, turnover in the first quarter this year is expected to be over Rs 250 crore and cross the Rs 1,000-crore mark in the full year, without inclusion of the turnover which will come from merger of AP Rayon's pulp manufacturing unit, top company sources told The Financial Express. The merger of AP Rayon's pulp manufacturing unit will add a turnover of Rs 250 crore and an operating profit ofRs 70 crore to Bilt's balance sheet. The company's increased focus on the industrial paper business will result in higher profit margins, company sources said. Bilt's board of directors is scheduled to meet on October 27 to approve the first quarter results. The first quarter net profit of about Rs 11 crore would yield an annualised earning per share of over Rs 7.40. The company's plans to consolidate its paper business and expectations of growth in earnings has seen the stock soaring to Rs 80 in the past few sessions. The current market price discounts the expected earnings by a price earning multiple of just over 11. Significant improvement in the operating profit in the coming months would be primarily driven by better operational efficiency and cost-cutting at the paper units. The first quarter performance would be a marked improvement over the last year's figures. The company reported a loss of Rs 4.42 crore for the 12-month period ended September 1998 and Rs 3.23 crore for the nine-month periodended September 1998. For the nine-month period ended June 1999, Ballarpur's net profit stood at Rs 16.09 crore on a turnover of Rs 842.49 crore. Meanwhile, the company has already announced its plans to enhance its working capital and acquisitions through a Rs 125-crore rights issue. The funds are proposed to be utilised to acquire South-based Servall for Rs 14 crore and would be made through its proposed holding company, AP Rayon. The funds raised through the rights issue would also be utilised for its other expansion and modernisation plans. Apart from equity infusion, the company also has plans to raise debt to the tune of Rs 60 crore in a phased manner. Ballarpur is in the process of doubling its paper capacity from the existing 2.8 lakh per annum to 5 lakh per annum over the next five years. It plans to increase the industrial paper capacity from 40,000 tonnes to 90,000 tonnes by 2,001 end at an estimated cost of Rs 100 crore. The company is already looking for a financial or trade investor to partfinance the expansion of its industrial paper capacity. The company plans to accelerate growth and consolidate its leadership in the paper market through a combination of brown field capacity creations, possible acquisitions, reorganisation of various businesses and respective capital restructuring. (FE)