AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2002.

(Rs. in Lacs)

Particulars

Year

Year

Ended

Ended

31.03.2002

31.03.2001

Audited

Audited

Net Sales/Income from operations

Othet Income

Total Expenditure

285.09

78.81

Interest

NIL

NIL

Depreciation

76.77

23.65

Profit/(Loss) before Tax

(358.15)

(91.00)

Provision for Taxation

NIL

NIL

Net Profit/Loss

(358.15)

(91.00)

Paid-up Equity Share Capital

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

919.06

919.01

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

NIL

147.20

Reserves excluding revaluation reserves

NIL

108.91

Basic/Diluted Earning per share

(3.90)

(0.61)

Aggregate of Non-Promoting Share Holding

(3.90)

(0.61)

Highlights

1) The above results have been taken on record at the meeting of the Board of Directors of the Company
held on 29th June 2002

2) The Company has forfeited all the partly shares by board resolution dated 01.03.2002.

3) The above results were reviewed by Audit Committee and have taken on record by the Board of Directors in its meeting held on June 29, 2002

4) Informtion pursuant to clause 42 of the listing agreement

  (Rs. in lacs)

(Rs. in lacs)

* Projected figure

Audited figure

for the year ended

for the year

31.03.2002

ended 31.03.2002

Profit before Tax

427.05

(91.00)

Profit after Tax

268.65

(91.00)

By Order of the Board

Place : Calcutta

Vijay Jain

Dated : 29th June, 2002

Managing Director