AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH  31,  2007

                                                                                                                                                              (Rs. in lakhs)

 

(1)

(2)

(3)

(4)

(5)

           PARTICULARS

 

 

 

 

9 months ended 31st December, 2006

(Unaudited)

Quarter ended 31st March, 2007

 

(Unaudited)

Quarter ended 31st March, 2006

 

(Unaudited)

Year  ended 31st March, 2007

 

(Audited)

Year ended 31st March, 2006

 

(Audited)

1.  NET SALES/INCOME FROM  

     OPERATIONS

95.18

32.68

29.13

127.86

138.14

2.  PROFIT ON SALE OF 

     INVESTMENTS

58.64

60.75

27.37

119.39

211.05

3.  OTHER INCOME

38.36

9.04

5.06

47.40

62.43

4.  TOTAL EXPENDITURE

a)        Staff Cost

b)       Travelling & Conveyance

c)        Loss on Capital Market Operation

d)       Other Expenditure

 

39.22

14.26

12.80

68.19

 

13.05

3.74

16.57

28.48

 

14.94

4.12

1.61

47.12

 

52.27

18.00

29.37

96.67

 

55.39

35.67

3.20

136.74

5.  INTEREST

0.86

(0.43)

-

0.43

-

6.  DEPRECIATION

11.21

3.69

4.11

14.90

15.35

7.  PROFIT (+)/LOSS(-) BEFORE    

     TAX (1+2+3-4-5-6)

45.64

37.37

(10.34)

83.01

165.27

8.  PROVISION FOR TAXATION(Net)

-          Current Tax

-          Deferred Tax

     -       Fringe Benefit Tax

 

--

--

2.50

 

13.83

(0.56)

0.30

 

12.00

(4.28)

2.11

 

13.83

(0.56)

2.80

 

12.00

(4.28)

6.73

9.   NET PROFIT(+) /LOSS(-) (7-8-9-10)

43.14

23.80

(20.17)

66.94

150.82

10. PAID UP EQUITY SHARE 

  CAPITAL(Face value Rs. 10/- per share)

654.81

654.81

654.81

654.81

654.81

11. RESERVES EXCLUDING 

      REVALUATION RESERVES

        --

--

--

1568.01

1545.29

12. BASIC AND DILUTED EPS, FOR

 THE YEAR TO DATE AND FOR

 THE PREVIOUS YEAR

 (not to be annualized)

0.68

0.37

(0.32)

1.05

2.36

13. AGGREGATE OF NON-

      PROMOTER SHAREHOLDING

     - Number of Shares          

     - Percentage of shareholding

 

 

2541821

39.82

 

 

2549221

39.94

 

 

2549221

39.94

 

 

2549221

39.94

 

 

2549221

39.94

NOTE :

1)   The above audited financial results have been reviewed by the Audit Committee and the same have been

        approved by the Board of Directors at the meeting held on 23rd April, 2007 .

2)    The Board recommended a dividend of Rs.0.60  ( 6%) per Equity Share of Rs.10/- each.

3)    Previous period figures have been regrouped, wherever necessary.

4)    During the year ended 31st March, 2007 ,  15 (Fifteen) complaints have been received and actions have been    

       taken thereon.

5)   The Company is predominantly engaged in Non-banking Financial Activities and therefore segment reporting

       as envisaged in Accounting Standard (AS) 17 on “Segment Reporting” is not applicable.

6)    United Credit and Development Co. Limited and United Nanotech Products Limited have become subsidiary 

       of the Company w.e.f  01.11.06 and 30.11.06 respectively as more than half in nominal value of Equity

       Shares of these two companies is held by the Company.

7)   United Nanotechnologies Pvt Ltd has become wholly owned subsidiary of the Company  w.e.f  from 29.03.07

       as 100% in nominal value of  Equity Share Capital of the Company is held by the Company.                    

 

By order of the Board

 

 

Place : Kolkata

Date : 23.04.07                                                                                                                                A. K. Dabriwala

                                                                                                                                                          Managing Director

D/Financial results 31.03.07/arun