UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2002. (PROVISIONAL)

(Rs. in Lacs)

Particulars

Quarter

Quater Year

Quater Year

Ended

Ended

Ended

30.06.2001

31.03.2001

31.03.2002

Unaudited

Audited

Audited

Net Sales/Income from operations

2.52

Other Income

1.19

Total Expenditure

23.48

24.07

285.09

Interest

-

-

-

Depreciation

16.10

19.19

76.77

Profit/(Loss) before Tax

(38.98)

(42.61)

(358.15)

Provision for Taxation

-

-

-

Net Profit/Loss

(38.98)

(42.61)

(358.15)

Paid-up Equity Share Capital

   Fully paid-up (Rs. 10/- each)

919.06

919.01

919.06

   Partly paid-up (Rs. 2.50/- each)

-

147.20

-

Reserves excluding revaluation reserves

-

67.78

-

% of ShareHolding

4.37

-

6.76

Highlights

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

held on 31st July, 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

Unaudited figure

for the year ended

for the Qtr

31.03.2003

ended 30.06.2002

Profit before Tax

721.50

(38.98)

Profit after Tax

445.30

(38.98)

By Order of the Board

Place : Calcutta

Vijay Jain

Dated : 31st July, 2002

Managing Director