Quarter Ended December 2007     

Download Excel Worksheet

    
NATIONAL ENGINEERING INDUSTRIES LTD. 
REGD. OFFICE:  9/1 R. N. MUKHERJEE  ROAD. KOLKATA - 700001
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QTR./HALF YEAR ENDED 31.12.07

( Rs in Lacs )
 

QTR ENDED

9 MONTH ENDED

YEAR ENDED
  31.12.07 31.12.06

31.12.07

31.12.06

31.03.07
     DESCRIPTION Reviewed Reviewed Reviewed Reviewed Audited
1.  SALES /  INCOME  15,754.56 16,118.79 46,071.22 45,010.03 60,199.77
Less: EXCISE DUTY 2,324.30 2,043.37 6,706.78 5,785.32 8,095.00
Less: SALES TAX 560.77 610.18 1,606.74 1,641.43 2,287.00
NET SALES/INCOME 12869.49 13465.24 37757.70 37583.28 49817.77
         
2.  OTHER  INCOME 375.41 301.81 1033.92 686.41 1,024.37
  13,244.90 13,767.05 38,791.62 38,269.69 50,842.14
3.  TOTAL  EXPENDITURE        
a) Increase ( - ) /Decrease(+) in stock 146.12 63.57 838.25 -654.27 -1,555.19
b) Consumption of raw material 5,183.48 5,745.30 14,851.69 15,957.82 21,700.10
 c) Employee cost 1,572.75 1,378.27 4,555.41 4,265.15 5,912.92
 d) Other expenditure 2,930.26 3,341.69 8,947.06 9,278.34 12,525.14
         
  9,832.61 10,528.83 29,192.41 28,847.04 38,582.97
4.  PBIDT (Before Excep. Items) 3,412.29 3,238.22 9,599.21 9,422.65 12,259.17
         
5.  INTEREST 649.28 498.92 1,979.02 1287.70 1,887.53
         
6.  DEPRECIATION 677.02 487.81 2,036.58 1,491.24 2,083.98
         
7.  PBIDT (Before Excep. Items) 2,085.99 2,251.49 5,583.61 6,643.71 8,287.66
8.  EXCEP. & PRIOR PERIOD ITEMS        
- ERS/VRS 57.67 16.47 213.49 45.47 55.53
9.  PROFIT BEFORE TAX 2028.32 2235.02 5370.12 6598.24 8,232.13
10.  PROVISION  FOR  TAXATION        
- CURRENT TAX -545.18 -700.37 -1668.18* -2081.37 -2,564.72***
- DEFERRED TAX CHARGE ( - ) / CREDIT ( + ) -131.57 -93.24 -332.33** -159.64 -638.79****
- FRINGE BENEFIT TAX  -15.00 -27.65 -51.00 -48.55 -71.65
         
11.  NET PROFIT ( + ) / LOSS ( - )  1336.57 1413.76 1318.61 4308.68 4,956.97
         
12.  PAID UP  EQUITY  SHARE  CAPITAL 80.00 80.00 80.00 80.00 80.00
( Face value of each share Rs. 10 each )        
13.  RESERVE  EXCL. REVALUATION  RESERVE 0.00 0.00   0.00 0.00 18,010.90
14. BASIC EPS FOR THE PERIOD(NOT ANNUALISED) 167.07 176.72 414.83 538.59 619.62
15. Aggregate of public share holding        
Number of shares NIL NIL NIL NIL NIL
% of shareholding - - - - -
*Including Rs 42.18 lacs pertaining to earlier years
**Including charge of Rs 162.10 lacs pertaining to earlier years
***Including Rs 137.72 lacs relating to earlier years
****Including Rs 85.10 lacs (Net) relating to earlier years
NATIONAL ENGINEERING INDUSTRIES LTD.
REGD. OFFICE:  9/1 R. N. MUKHERJEE  ROAD. KOLKATA - 700001
UNAUDITED FINANCIAL RESULTS ( PROVISIONAL ) FOR THE QUARTER / HALF YEAR ENDED 31.12.07
  QTR ENDED 9 MONTH ENDED YEAR ENDED
  SEGMENTWISE REVENUE, RESULTS 31.12.07 31.12.06 31.12.07 31.12.06 31.03.07
  AND CAPITAL EMPLOYED Reviewed Reviewed Reviewed Reviewed Audited

1.

 Segment Revenue          
  a) Bearing Division 12,428.65 13,103.39 36,116.47 36,161.79

47,820.74
  c) Others 526.25 497.21 1804.50 1576.50 2147.42
             
  Total Net Sales/Income from 12,954.90 13,600.60 37,920.97 37,738.29 49,968.16
  Operations          
             
  Less : Inter segment revenue

-

 - - - -
  Net sale/income from operations

12,954.90

13,600.60

37,920.97

37,738.29

49,968.16
             

2.

 Segment Results
( from each segment) 		         
  a) Bearing Division 2,637.77 3,215.72 6,809.22 8,331.40 10,298.13
  b) Others 65.86 -428.93 471.98 -267.41 -174.84
  Segmentwise profit before interest & tax 2,703.63 2,786.79 7,281.20 8,063.99 10,123.29
             
  Less : i. Interest 649.28 498.92 1,979.02 1287.70 1,887.53
              ii. Other un-allocable expenditure
                 net off un-allocable income.		 26.03 52.85 -67.94 178.05 3.63
  Total Profit before Tax 2,028.32 2,235.02 5,370.12 6,598.24 8,232.13
             

3.

 Capital Employed          
  (Segment Assets-Segment Liabilities)          
  a) Bearing Division 39,541.28 32,053.54 39,541.28 32,053.54 33,935.42
  b) Others 622.30 58.65 622.30 58.65 159.60
  c) Un-allocated 10751.13 9858.06 10751.13 9858.06 9891.91
  Total 50,914.71 41,970.25 50,914.71 41,970.25 43,986.93
 
Notes:

1. The Company has invested Rs.693.00 lacs in the share capital and given a loan of Rs.1615.93 lacs to an unlisted company whose accumulated losses exceed its paid up capital. However having regard to the long term and strategic involvement of the Company with this company, no provision is considered necessary on this account. This matter was also the subject matter of qualification in the report of auditors on the account for the year ended March 31,2007 and on the results for the quarter ended June 30, 2007 and September 30,2007.

2. The Company did not have any unresolved investor complaints as at the beginning/end of the quarter. During the quarter, the Company has not received any complaints.

3. The promoters' group shareholding in the Company has become 100% with effect from 26th May, 2006 under the provisions of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations 2006. Consequently the Company had filed application in the previous year for delisting with both The Delhi Stock Exchange Association Limited and Madhya Pradesh Stock Exchange, where the shares of the Company are listed. Madhya Pradesh Stock Exchange has approved delisting of such Shares during the quarter ended June 30,2007.

4. Figures have been regrouped/rearranged wherever necessary.

5. The above results for the three months and nine months ended Dec 31,2007, have been subjected to a ' Limited Review ' by auditors of the Company and taken on record by the Board of Directors of the Company at the meeting held on 14th January 2008.

Place: New Delhi

By order of the Board
Date: 14.01.2008
   

 

  Top