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Quarter ended on 30th June 2008
Quarter ended on 31st Mar 2008
Quarter ended on 31st Dec 2007
Quarter ended on 30th Sep 2007
Quarter ended on 30th June 2007
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Financial Result
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Unaudited Financial Results
Unaudited Financial Results for the Quarter ended as on 30th June 2008 (Rs. In Lacs)
Sr no. Particular Quarter ended Quarter ended Audited for the year ended
30.6.08 30.6.07 31.3.08
1. Gross Sales/Income from Operation 2685.16 2509.77 12665.60
  Less : Excise duty 322.20 347.70 1729.88
2. Net Sales / Income from Operation 2362.96 2162.07 10935.72
3. Other income 88.89 68.23 233.47
Total (2 + 3) 2451.85 2230.30 11169.19
4. Total Expenditure      
a.

b.
c.
d.
e.
f.
(Increase) / Decrease
in stock-in-trade
Consumption of raw materials
Purchases of Traded Goods
Staff cost
Depreciation
Other Expenditure
Total Expenditures
(239.08)

2070.52
0.00
50.01
114.71
235.34
2231.50

25.48

1625.22
0.00
41.50
111.63
201.65
2005.48

(155.12)

9045.77
0.00
162.53
408.46
902.67
10364.31
5. Interest 134.70 115.25 484.29
6. Exceptional Items 0.00 0.00 0.00
7. Profit / (Loss) from Ordinary Activities before Tax 85.65 109.57 320.59
8. Tax Expenses
a. Current (Including Fringe Benefit & Wealth Tax) 10.35 13.14 38.67
b. Deferred 2.58 15.34 73.13
9. Profit/ (Loss) from Ordinary Activities After Tax 72.72 81.09 208.79
10. Earlier year Income Tax and Prior Period Adjustment 0.00 0.00 10.12
11. Net Profit/(Loss) for the period 72.72 81.09 218.91
12. Paid-up equity share capital
(Face value of Rs.10/- each)
377.47 327.43 377.47
13. Reserves/Profit & Loss Account excluding
revaluation reserves(as per balance sheet) of -
previous accounting year.
0.00 0.00 1514.30
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 1.92 2.47 6.24
b. Basic and diluted EPS after extraordinary items for the period, for the year to date and for the previous year 1.92 2.47 6.24
15. Aggregate of Non Promoting Shareholding      
a. No.of Shares 1850850 1350450 1850850
b. Percentage of Shareholding 48.96% 41.17% 48.96%
Note:
1. The above financial results have been approved by Audit Committee and Board of Directors in their meeting held on 30th July, 2008.
2. The Statutory Auditors have carrried out a limited review for the quarter ended on 30th June, 2008.
3. Figures has been regrouped / rearranged wherever necessary.
4. The Company has only one segment of activity namely manufacturing of Cold Rolled stainless steel strips/coil.
5. In terms of amended Clause 41 of the Listing Agreement, during the quarter, no investor complaints were received.
No Complaint was pending at the beginning or at the end of the quarter.
Unaudited Financial Results
Audited Financial Results for the year ended as on 31st March 2008 (Rs. In Lacs)
Sr no. Particular Quarter ended Half Year ended Audited for the year ended
31.12.07 31.3.08 31.3.07 31.3.08 31.3.07
1. Gross Sales/Income from Operation 9120.80 3544.80 1875.18 12665.60 8966.34
  Less : Excise duty 1254.43 475.45 256.58 1729.88 1183.49
2. Net Sales / Income from Operation 7866.37 3069.35 1618.60 10935.72 7782.85
3. Other income 175.56 57.91 27.77 233.47 141.38
Total (2 + 3) 8041.93 3127.26 1646.37 11169.19 7924.23
4. Total Expenditure          
a.

b.
c.
d.
e.
f.
(Increase) / Decrease
in stock-in-trade
Consumption of raw materials
Purchases of Traded Goods
Staff cost
Depreciation
Other Expenditure
Total Expenditures
(2.57)

6146.83
0.00
125.82
349.89
693.54
7313.51
(152.55)

2898.94
0.00
36.71
58.57
209.13
3050.80
47.52

1144.86
0.00
31.23
104.69
155.16
1483.46
(155.12)

9045.77
0.00
162.53
408.46
902.67
10364.31
(253.00)

6233.64
0.00
131.74
340.29
777.99
7230.66
5. Interest 380.30 103.99 95.48 484.29 238.17
6. Exceptional Items 0.00 0.00 0.00 0.00 0.00
7. Profit / (Loss) from Ordinary Activities before Tax 348.12 (27.53) 67.43 320.59 455.40
8. Tax Expenses
a. Current (Including Fringe Benefit & Wealth Tax) 39.18 (0.51) 6.51 38.67 54.70
b. Deferred 52.77 20.36 14.35 73.13 75.81
9. Profit/ (Loss) from Ordinary Activities After Tax 256.17 (47.38) 46.57 208.79 324.89
10. Earlier year Income Tax and Prior Period Adjustment 10.12 (0.00) (0.13) (10.12) (5.58)
11. Net Profit/(Loss) for the period 266.29 (47.38) 46.44 218.91 319.31
12. Paid-up equity share capital
(Face value of Rs.10/- each)
377.43 377.47 327.43 377.47 327.43
13. Reserves/Profit & Loss Account excluding
revaluation reserves(as per balance sheet) of -
previous accounting year.
Earning Per Share (EPS)
0.00 0.00 0.00 1514.30 1154.62
14. Basic and diluted EPS before extraordinary items forthe period, for the year to date and for the previous year 7.04 0.80 1.42 6.24 9.74
a. Basic and diluted EPS after extraordinary items for
the period, for the year to date and for the previous year
7.04 0.80 1.42 6.24 9.74
15. Aggregate of Non Promoting Shareholding          
a. No.of Shares 1848950 1850850 1350450 1850850 1350450
b. Percentage of Shareholding 48.91% 48.96% 41.17% 48.96% 41.17%
Note:
1. The above financial results have been approved by Audit Committee and Board of Directors in their meeting held on 30th June, 2008.
2. The Company has only one segment of activity namely manufacturing of Cold Rolled stainless steel strips/coil.
3. Figures has been regrouped / rearranged wherever necessary.
4. The Board of Directors have recommended Dividend of 10% on Equity Shares for the year 2007-08.
5. In terms of amended Clause 41 of the Listing Agreement, during the quarter, no investor complaints were received.
No Complaint was pending at the beginning or at the end of the quarter.
Unaudited Financial Results
Unaudited Financial Results for the quarter ended on 31st December, 2007 (RS. IN Lacs)
Sr no. Particular Quarter ended Half Year ended Audited for the year ended
31.12.07 31.12.06 31.12.07 31.12.06 31.3.07
1. Gross Sales/Income from operation
less : Excise duty
3595.94

494.33
2703.71

370.07
9120.80

1254.43
7091.16

926.91
8966.34

1183.49
2. Net Sales / Income
from Operation
3101.61 2333.64 7866.37 6164.25 7782.85
3. Other incomes 33.51 25.27 175.56 113.61 141.38
Total (2 + 3) 3135.12 2358.91 8041.93 6277.86 5646.83
4. Total Expenditure          
a.

b.
c.
d.
e.
f.
(Increase) / Decrease
in stock-in-trade
Consumption of raw materials
Purchases of Traded Goods
Staff cost
Depreciation
Other Expenditure
Total Expenditures
(32.19)

2413.51
0.00
41.90
126.63
290.39
2840.24
332.23

1538.12
0.00
36.17
73.85
195.08
2175.45
(2.57)

6146.83
0.00
125.82
349.89
693.54
7313.51
(300.52)

5088.78
0.00
100.51
235.60
622.83
5747.20
(253.00)

4182.25
0.00
131.74
340.29
777.99
7230.66
5. Interest 142.37 37.94 380.30 142.69 238.17
6. Depreciation 0.00 0.00 0.00 0.00 0.0078
7. Profit / (Loss) from Ordinary Activities before Tax 152.51 145.52 348.12 387.97 455.40
8. Tax Expenses
a. Current (Including Fringe Benefit & Wealth Tax) 15.85 21.84 39.18 48.19 54.70
b. Deferred 15.61 25.66 52.77 61.46 75.81
9. Net Profit / (Loss) from Ordinary Activities after Tax 121.05 98.02 256.17 278.32 324.89
10.