Quarter Ended September 2007     

Download Excel Worksheet

    
NATIONAL ENGINEERING INDUSTRIES LTD. 
REGD. OFFICE:  9/1 R. N. MUKHERJEE  ROAD. KOLKATA - 700001
UNAUDITED FINANCIAL RESULTS ( PROVISIONAL ) FOR THE QUARTER/HALF YEAR ENDED  30.09.2007

( Rs in Lacs )
 

QTR ENDED

HALF YEAR ENDED

YEAR ENDED
  30.09.07 30.09.06

30.09.07

30.09.06

31.03.07
     DESCRIPTION Reviewed Reviewed Reviewed Reviewed Audited
1.  SALES /  INCOME  FROM  OPERATIONS 15,763.78 14,818.37 30,316.66 28,891.24 60,199.77
Less: EXCISE DUTY 2,290.85 1,873.29 4,382.48 3,741.95 8,095.00
Less: SALES TAX 564.43 510.45 1,045.97 1,031.25 2,287.00
NET SALES /  INCOME  FROM  OPERATIONS 12,908.50 12,434.63 24,888.21 24,118.04 49,817.77
         
2.  OTHER  INCOME 311.15 200.70 658.51 384.60 1,024.37
  13,219.65 12,635.33 25,546.72 24,502.64 50,842.14
3.  TOTAL  EXPENDITURE        
a) Increase ( - ) /Decrease(+) in stock in trade 1,045.96 -575.16 692.13 -717.84 -1,555.19
b) Consumption of raw material / Purchase of Finished Goods for Resale 4,720.27 5,356.00 9,668.21 10,212.52 21,700.10
 c) Employee cost 1,496.77 1,450.67 2,982.66 2,886.88 5,912.92
 d) Other expenditure 2,980.89 3,063.55 6,016.80 5,936.65 12,525.14
         
  10,243.89 9,295.06 19,359.80 18,318.21 38,582.97
4.  PROFIT BEFORE INTEREST,
DEPRECIATION, EXCEPTIONAL ITEMS & TAX		 2,975.76 3,340.27 6,186.92 6,184.43 12,259.17
         
5.  INTEREST 697.65 404.08 1,329.74 788.78 1,887.53
         
6.  DEPRECIATION 690.68 567.82 1,359.56 1,003.43 2,083.98
         
7.  PROFIT BEFORE  EXCEPTIONAL ITEMS AND TAX 1,587.43 2,368.37 3,497.62 4,392.22 8,287.66
8.  EXCEPTIONAL & PRIOR PERIOD ITEMS        
- Expenditure on Early Retirement Scheme / Voluntary Retirement Scheme 121.62 21.65 155.82 29.00 55.53
9.  PROFIT BEFORE TAX 1,465.81 2,346.72 3,341.80 4,363.22 8,232.13
10.  PROVISION  FOR  TAXATION        
- CURRENT TAX -313.00* -730.00 -1,123.00* -1,381.00 -2,564.72
- DEFERRED TAX CHARGE ( - ) / CREDIT ( + ) -380.58** -42.66 -200.76** -66.40 -638.79
- FRINGE BENEFIT TAX  -20.00 -9.30 -36.00 -20.90 -71.65
         
11.  NET PROFIT ( + ) / LOSS ( - )  752.23 1,564.76 1,982.04 2,894.92 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 - -       18,010.90
14. BASIC EPS FOR THE PERIOD(NOT ANNUALISED) 94.03 195.60 247.76 361.87 619.62
15. Aggregate of public share holding        
Number of shares NIL NIL NIL NIL NIL
% of shareholding - - - - -
*Including Rs 46.00 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 30.09.07
  QTR ENDED HALF YEAR ENDED YEAR ENDED
  SEGMENTWISE REVENUE,RESULTS 30.09.07 30.09.06 30.09.07 30.09.06 31.03.07
  AND CAPITAL EMPLOYED Reviewed Reviewed Reviewed Reviewed Audited

1.

 Segment Revenue          
  a) Bearing Division 12,368.31 11,828.84 23,687.82 23,058.40

47,820.74
  b) Agency Services 134.94 84.92 439.08 229.53 441.34
  c) Others 419.58 514.79 839.17 849.76 1,706.08
  Total Net Sales/Income from 12,922.83 12,428.55 24,966.07 24,137.69 49,968.16
  Operations          
             
  Less : Inter segment revenue

0.00

 0.00 0.00 0.00 0.00
  Net sale/income from operations

12,922.83

12,428.55

24,966.07

24,137.69

49,968.16
             

2.

 Segment Results
( from each segment) 		         
  a) Bearing Division 2,018.18 2,730.40 4,171.45 5,115.68 10,298.13
  b) Agency Services 134.93 84.81 439.06 229.24 440.99
  c) Others -30.62 -16.19 -32.94 -67.72 -615.83
  Segmentwise profit before interest & tax 2,122.49 2,799.02 4,577.57 5,277.20 10,123.29
             
  Less : i. Interest 697.65 404.08 1,329.74 788.78 1,887.53
              ii. Other un-allocable expenditure
                 net off un-allocable income.		 -40.97 48.22 -93.97 125.20 3.63
  Total Profit before Tax 1,465.81 2,346.72 3,341.80 4,363.22 8,232.13
             

3.

 Capital Employed          
  (Segment Assets-Segment Liabilities)          
  a) Bearing Division 36,951.38 26,755.88 36,951.38 26,755.88 33,935.42
  b) Agency Services 286.93 78.02 286.93 78.02 52.78
  c) Others 353.74 591.47 353.74 591.47 106.82
  Total 37,592.05 27,425.37 37,592.05 27,425.37 34,095.02
 
Notes:

1. The Company has invested Rs.693.00 lacs in the share capital and given a loan of Rs.1604.75 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.

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 previous quarter.

4. Figures have been regrouped/rearranged wherever necessary.

5. The above results for the three months ended Sept 30,2007, 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 24th Oct 2007.

Place: New Delhi

By order of the Board
Date: 24.10.2007
   

 

  Top