Un-Audited Financial Results for the year ended 31st March, 2008
(Amount in Lacs)
SL.
No
Particulars
Quarter
ended
Twelve months Ended
Year Ended
Unaudited
Reviewed
Unaudited
Reviewed
(Audited)
31/03/2008
31/03/2007
31/03/08
31/03/2007
31/03/2007
1
Net
Sales/Income From Operations
1.71
27.48
44.10
121.33
103.01
2
Other
Income
5.71
30.03
93.96
223.80
233.82
3
Total
Income(1+2)
7.42
57.51
138.06
345.13
336.82
4
Expenditure
a)
Employees Cost
13.64
15.66
46.58
71.15
71.85
b)
Depreciation
6.36
16.04
38.64
76.58
92.92
c)
Other Expenditure
30.92
5.18
133.17
304.16
300.25
d)
Total
50.92
36.88
218.39
451.89
465.01
5
Interest
7.46
29.42
79.25
155.86
155.87
6
Exceptional
Items
-
-
-
-
138.28
7
Profit(+)/Loss(-)
from Ordinary Activities beforeTax (3)-(4+5+6)
(50.96)
(8.80)
(159.58)
(262.63)
(422.34)
8
Fringe
Benefit tax
(0.52)
(0.55)
(2.26)
(2.31)
(2.32)
9
Net
Profit(+)/Loss(-) for the period (7-8)
(51.48)
(9.35)
(161.84)
(264.94)
(424.66)
10
Extraordinary
Items (net of tax expense Rs.)
-
-
-
-
-
11
Net
Profit(+)/Loss(-) for the period (9-10)
(51.48)
(9.35)
(161.84)
(264.94)
(424.66)
12
Paid
Up Equity Share Capital (Face Value of the Share shall be indicated)
1021.30
1021.30
1021.30
1021.30
1021.30
13
Reserves
excluding Revaluation Reserves as per balance sheet of previous accounting year
1101.59
1101.59
1101.59
1101.59
1101.59
14
Earning
per Share (EPS) a)Basic and Diluted EPS before Extraordinary items for the
period for the year to date and for the previous year (not to be Annualised)
(0.50)
(0.09)
(1.58)
(2.59)
(4.16)
Basic
and Diluted EPS after Extraordinary items for the period for the year to date
and for the previous year (not to be Annualised)
(0.50)
(0.09)
(1.58)
(2.59)
(4.16)
15
Public
Shareholding
Number of Shares
4593216
4598772
4593216
4598772
4598772
Percentage of Shareholding
45.03%
45.08%
45.03%
45.08%
45.08%
Notes:
The above results, as reviewed by Audit Committee, and approved by the
Board of Directors at its meeting held on Wednesday the 30th April, 2008. These
results will be Subjected to 'Limited Review' by the Auditors.
Segment
reporting as defined in Accounting Standard (AS)-17 is not applicable, since the
entire operations of the Company relate to only one primary reportable segment
i.e. Providing Finance by way of Hire Purchase & Leasing Operations.
Provision
for Non-Performing assets as required in terms of Non-Banking Financial Companies
Prudential Norms (Reserve Bank) Directions, 1988, as amended, shall be considered
in the audited accounts for the year ended March 31, 2008.
In compliance
of Accounting Standard 'AS 22' on Accounting for taxes on income issued by the
Institute of Chartered Accountants of India and considering brought forward unabsorbed
tax losses/depreciation/calculation of deferred/provisions for taxation, if any,
has not been considered in the above said UN-audited financial results.
The
Auditor's observations in their report on Audited Accounts for the year ended
31.3.2007 relates to (i) Accounting of Overdue charges on Hire-Purchase/Lease
receivables and bill discounting respectively, on realisation basis in view of
uncertainties thereof. Management comments:(i) Overdues are accounted for as per
reasons stated above.
Information on Investor Complaints for quarter ended
31.03.2008:Pending on January 1, 2008-Nil, received & Resolved during the
quarter-Nil and pending as on March 31, 2008-Nil.
Figures for the previous
periods have been regrouped/reclassified wherever necessary.
