SAMTEL
INDIA LIMITED
Regd. Office : Village Naya Nohra, Kota Baran Road, Tehsil Ladpura, Dist. Kota(Rajasthan)
| UNAUDITED FINANCIAL RESULTS FOR THE QUARTER |
| ENDED SEPTEMBER 30, 2007 |
|
|
| (
Rs. Thousand) |
| Particulars |
Quarter ended 30.09.2007 (Unaudited) |
| Quarter ended 30.09.2006 (Unaudited) |
|
| Half year ended 30.09.2007 (Unaudited) |
|
| Half year ended 30.09.2006 (Unaudited) |
|
| Previous Year ended 31.03.2007 (Audited) |
|
| 1. |
Net sales/ income from operations |
768 |
239 |
768 |
916 |
7916 |
| 2. |
Other income
|
47 |
850 |
163 |
3644 |
82726 |
| 3. |
Total Income(1+2) |
815 |
1089 |
931 |
4560 |
90642 |
| 4 |
Expenditure |
|
|
|
|
|
| a. |
Increase / decrease in stock in trade and work in progress |
- |
- |
- |
- |
- |
| b. |
Purchasesof traded goods |
753 |
179 |
753 |
856 |
7854 |
| c. |
Employee Cost |
76 |
447 |
310 |
838 |
1576 |
| d. |
Rate and Taxes |
- |
7 |
550 |
776 |
887 |
| e. |
Legal & Professional |
401 |
230 |
477 |
264 |
795 |
| f. |
Depreciation |
70 |
84 |
150 |
167 |
321 |
| g. |
Other Expenditure |
558 |
550 |
754 |
1257 |
71929 |
| h. |
Total |
1858 |
1497 |
2994 |
4158 |
83362 |
| 5. |
Interest |
600 |
- |
2279 |
- |
261 |
| 6. |
Profit/(loss) from ordinary activites before tax
(3)-(4+5)
|
(1643) |
(408) |
(4342) |
(402) |
(7019) |
| 7. |
Provision for taxation : |
|
|
|
|
|
|
Current Tax |
- |
- |
- |
- |
788 |
|
Fringe benefit tax |
1 |
2 |
3 |
4 |
8 |
| 8. |
Net profit / (loss)from ordinary activites after tax for the period(6-7) |
(1664) |
(410) |
(4345) |
(398) |
(6223) |
| 9. |
Paid-up equity share capital
(Face value of the share shall be indicated) |
70,840 |
70,840 |
70,840 |
|
70,840 |
| 10. |
Reserves excluding revaluation reserves |
|
|
|
|
57,322 |
| 11. |
Basic and diluted earnings per share ( Rs. per share of Rs. 10 each) |
(0.23) |
(0.06) |
(0.61) |
0.06 |
0.88 |
| 12. |
Public Shareholdings |
|
|
|
|
|
|
- Number of shares (Nos.) |
3452333 |
3454314 |
3452333 |
3454314 |
3452333 |
|
- Percentage of shareholding |
48.71% |
48.74% |
48.71% |
48.74% |
48.71% |
| |
|
|
|
|
|
|
| Notes: |
| 1. |
Post closure of black and white picture tubes manufacturing operations in the first quarter of the year ended March 31, 2006 , the Company commenced trading operations of color picture tubes and has commenced setting up a facility for manufacturing of metal parts for tubes for color television sets. Hence, in view of the management, the accounts have been prepared on the basis that the Company is a “going concern”. |
| |
| 2.. |
The Company has substantial carried forward losses/unabsorbed depreciation under the Income Tax Act, 1961. However, in view of uncertainty of future taxable income of the Company, in accordance with Accounting Standard (AS)-22 “Accounting for Taxes on Income”, the net deferred tax assets have not been recognized. Provision for current tax is made based on annual effective tax rate, according to which there would not be any current tax.
|
| |
| 3. |
Interest for the half year ended September 30, 2007 includes Rs. 1086 thousands for Excise matters related to earlier years. |
| |
| 4. |
As the Company's business activities have been within a single primary business segment viz, “Picture Tubes for Television”, the disclosure requirements of Accounting Standard (AS)-17, “Segment Reporting”, issued by the Institute of Chartered Accountants of India are not applicable. |
| |
| 5. |
Thirteen investor complaints were received during the quarter ended September 30, 2007 which have been resolved. There were no investor complaints outstanding at the beginning and at the end of the quarter.
|
| |
| 6. |
Previous year figures have been recast / regrouped, wherever necessary |
| |
| 7. |
The above results were taken on record at the Board of Directors' meeting held on October 31, 2007. |
| |
| |
For end on behalf of the
Board of
Directors of Samtel India limited |
Place:
New Delhi
Date: October 31, 20067
|
Satish K. Kaura
Chairman and Managing Director
|
|
