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    31st March, 2008
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Audited Financial Results for the Year Ended 31st March, 2008 

  (Rs. In Lacs.) 
Particulars  Standalone  Consolidated 
9 Months Ended  Quarter Ended  Year Ended  Year Ended 
31.12.07
 
31.03.08  31.03.07  31.03.08  31.03.07  31.03.08  31.03.07 
  Reviewed  Audited  Audited  Audited  Audited  Audited  Audited 
Domestic Sales (Net)  10320.60 4017.41 3828.58 14338.01 13025.54 16806.06 16060.52
Export Sales  4375.78 1987.83 1555.54 6363.61 6316.55 6363.61 6316.55
Net Sales/ Income from Operations  14696.38  6005.24  5384.12 
20701.62
 
19342.09  23169.67  22377.07 
Other Income  122.37  243.82  56.18  366.19  186.74  380.18  203.94 
Total Income  14818.75  6249.06  5440.30  21067.81  19528.83
 
23549.85  22581.01 
Total Expenditure  13194.07  5465.13  4784.74 
18659.20
 
17548.26  20849.52  20259.13 
a) (Increase)/ Decrease in stock  (693.96)
(520.57)  (60.14) 
(1214.53)
 
(705.97)
 
(1270.84)  (721.99) 
b) Consumption of raw material  5120.07  2720.99  1880.19  7841.06  6862.88  7841.06  6862.88 
c) Purchase of traded goods  0.00 0.00 0.00 0.00 0.00 0.00 0.00
d) Staff cost  2168.41 891.36 746.97 3059.77 2523.46 3262.97 2695.43
e) Depreciation  700.36 152.99 212.72 853.35 804.15 919.53 857.33
f) Other expenditure
- Sub contract charges
 
1264.60

722.29

 

602.05

 
1986.89

2280.11

 

1958.64

 

2260.60

 
- Others  4634.59 1498.07

1402.95

 
6132.66

5783.63

 

8138.16

 

8304.88

 
Interest  833.44 339.82

263.03

 
1173.26

839.25

 

1198.39

 

859.48

 
Exceptional Items  0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax  791.24 444.11 392.53 1235.35 1141.32 1501.94 1462.40
Tax Expenses
 
294.97 168.44 191.83 463.41 449.50 566.45 568.04
Net Profit from ordinary activities after tax  496.27  275.67  200.70  771.94  691.82  935.49  894.36 
Extraordinary items
(net of tax expense)
 
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Profit after Taxation  496.27  275.67  200.70  771.94  691.82  935.49  894.36 
Less: Minority Interest  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
Add: Share of Profits in Associates  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
Net Profit after Taxation, Minority Interest
& Share in Associate Company's Profit
496.27 

275.67

 
200.70  771.94  691.82  935.49  894.36 
Paid-up equity share capital
(Face value of Rs.10/- per share)
 

1094.17

 

1094.17

 
1094.17 1094.17 1094.17 1094.17 1094.17
Reserves excluding Rev. Reserve  - -
- 7027.63 6409.30 8154.00 7363.53
Basic and diluted EPS before Extraordinary Items (not annualised)(Rs.)  4.54 2.52
1.96 7.06 6.76 8.55 8.74
Basic and diluted EPS after Extraordinary Items (not annualised)(Rs.) 

4.54

 
2.52 1.96 7.06 6.76 8.55 8.74
Public Shareholding:
             
No. of Shares

4033644

 
4033644 

4033644

 
4033644  4033644     
% of Shareholding
36.86  36.86  36.86  36.86  36.86     

Notes:
  1. The above results have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on June 13, 2008.
  2. The Board has recommended a Dividend of Rs.1.20 per share (12%) for the financial year ended March 31, 2008 subject to the approval of Financial Institutions/ Banks and shareholders.
  3. The Company is operating only in one segment viz. Fasteners.
  4. Consolidated financial results include financial results of subsidiary company, associate concerns and joint ventures companies.
  5. During the quarter no investor complaint was received. No complaint was pending either at the beginning or at the end of quarter.
  6. Previous year's figures have been regrouped/ rearranged wherever considered necessary to make them comparable with those of current year.

Place: Rohtak
Date : 13.06.2008
 
Lalit Kumar Jain
Chairman & Managing Director
 
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