UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2001. (PROVISIONAL)

(Rs. in Lacs)

Particulars

Quarter

Quarter

Nine Months

Nine Months

Year

Ended

Ended

Ended

Ended

Ended

31.12.2001

31.12.2000

31.12.2001

31.12.2000

31.03.2001

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Net Sales/Income from operations

Other Income

Total Expenditure

23.27

1.41

1.41

78.81

Interest

0.00

-

0.00

-

-

Depreciation

19.19

2.77

2.77

23.65

Profit/(Loss) before Tax

(40.64)

(0.89)

(124.63)

(0.89)

(91.00)

Provision for Taxation

-

-

-

-

-

Net Profit/Loss

(40.64)

(0.89)

(124.63)

(0.89)

(91.00)

Paid-up Equity Share Capital

- Fully paid-up (Rs. 10/- each)

919.06

915.35

919.06

915.35

919.01

- Partly paid-up (Rs. 2.50/- each)

147.19

142.50

147.19

142.50

147.20

Reserves excluding revaluation reserves

(15.64)

199.10

(15.64)

199.10

108.99

Earning per share

NIL

NIL

NIL

NIL

NIL

Highlights

1) The above results have been taken on record at the meeting of the Board of Directors of the Company

held on 29th January, 2002

2) Provision for Taxation, if any will be at the end of the year.

3) Information pursuant to clause 42 of the listing agreement:

(Rs. in lacs)

* Projected figure for the year ended

Unaudited figure for the Qtr

31.03.2002

ended 31.12.2001

Profit before Tax

427.05

(40.64)

Profit after Tax

268.65

(40.64)

By Order of the Board

Place : Calcutta

Vijay Jain

Dated : 29th January, 2002

Managing Director