UNAUDITED  FINANCIAL  RESULTS  (REVIEWED)
FOR THE QUARTER  ENDED 31ST DECEMBER , 2004 
(Rs. Crores)
S.NO Particulars         Quarter Ended     Nine Months  Ended  
    31.12.2004 31.12.2003 31.12.2004 31.12.2003 30.09.04
    (Reviewed) (Reviewed) (Reviewed) (Reviewed)  
1 Gross Sales 64.20 60.15 226.31 164.85 236.96 162.11
  Less: Excise Duty 2.03 2.12 5.76 5.20 7.71 3.73
  Net Sales 62.17 58.03 220.55 159.65 229.25 158.38
2 Other Income 1.43 1.31 4.23 2.95 7.96 2.80
3 Total Income 63.60 59.34 224.78 162.60 237.21 161.18
4 Total Expenditure            
  a)  (Increase) / Decrease in Stock(s) (13.94) 3.05 (14.02) 0.74 4.71 (0.08)
  b)  Consumption of Raw Materials 54.00 38.68 164.35 118.15 159.69 110.35
  c)  Power & Fuel 5.97 4.73 17.70 14.33 19.59 11.73
  d) Staff Cost 1.96 1.91 5.85 5.59 7.63 3.89
  e)  Other Expenditures 5.33 5.51 19.34 16.30 24.06 14.01
  Total Expenditure 53.32 53.88 193.22 155.11 215.68 139.90
5 Profit Before Interest  & Dep. (3-4) 10.28 5.46 31.56 7.49 21.53 21.28
6 Interest 4.99 5.89 14.43 15.17 17.88 9.44
7 Depreciation 2.65 2.92 7.91 9.04 10.48 5.26
8 Profit / (Loss) Before Tax (5-6-7) 2.64 (3.35) 9.22 (16.72) (6.83) 6.58
9 Provision for Taxation 0.01 - 0.01 - 0.02 -
10 Net Profit / (Loss) (8-9)) 2.63 (3.35) 9.21 (16.72) (6.85) 6.58
11 Paid Up Equity Share Capital 63.49 63.49 63.49 63.49 63.49 63.49
  (Face value Rs. 10/- per share)            
12 Reserve ( Excluding Revaluation  Reserve) - - - -      - -
13 Earning Per Share (Rs.)-Basic & Diluted
  (excluding extra-ordinary items) 0.42 (0.53) 1.33 (2.63) (1.41) 0.91
14 Aggreegate of Non-Promoter Shareholdings;
  -  Number of Shares  33369366 33361366 33369366 33361366 33359766 33359366
  - Percentage of  Shareholding             52.57% 52.55% 52.57% 52.55% 52.55% 52.55%
 Notes:            
  1. These results have been taken on record by the Board of Directors in the meeting held on  29th January, 2005, and the same have been reviewed by the statutory auditors.
  2. Figures have been regrouped wherever considered necessary.   
  3. The segment reporting as defined in AS-17 issued by ICAI is not applicable.   
  4. The Net deferred Tax Assets  of  Rs 30.42 Crores as on  31.03.2004  has  not  been  recognised in   view  of uncertainity  of  its  realisation  as  recommended  under  Accounting  Standard - 22 on " Deferred Taxation" issued by Institute of Chartered Accountants of India.
  5. The Company  had  set-off  accumulated  losses  of  Rs.70.21 crores  as  at 31.03.2002,  against  revaluation reserve  arisen on revaluation of certain assets. This was  qualified  by the Auditors in the Audit Report for the year ended 31.03.2002. The Company did so based on legal  opinion.
  6. Companys' Debts have been restructured by CDR Cell. Pending  approval of individual  lenders,  the effect ofrestructuring has not been given in companys' Books.
  7. The company has not made provision of interest on Debentures privately placed with IDBI of Rs. 2.77 crores for the year ended 2003-04 and Rs. 2.43 Crores  for nine  months  ended  31.12.2004. The provision has not been made as the approvals are awaited as mentioned under point No. 6 above.
  8. During the quarter 13 investor complaints  were  received, which were attended by the company.  No investor complaints were pending either at the beginning or at the end of the quarter.9 AS-28 regarding impairment of Fixed  Assets  is mandatory  in  respect of accounting period  commencing on or after 01.04.2004, impact of same shall be reviewed at year end.
                                         On behalf of Board of Directors
          sd/-
Dated:29th January, 2005     Managing Director
Place: New Delhi                  
               
               
4. The diluted EPS ( as per AS-20) would be same as Basic EPS, since contingently issuable shares subsequent to conversion of loan(s) into equity,  would have anti dilution effect.

Multi Dimentional Product

Company Profile

 Global Market Place World - Class Technology

Focus on Human Resources

Corporate Commitment

 Hydrolon Micro Denier

Raw Materials

Characteristics

 R & D Pollution Free HRD Technology Upgradation

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