| SR. NO. |
PARTICULARS |
QUARTER ENDED |
PREVIOUS
ACCOUNTING YEAR ENDED 31.12.2006 (AUDITED) |
| 31.03.2007 |
31.03.2006 |
| 1. |
INCOME FROM OPERATIONS |
1933.58
|
1185.82 |
5237.78
|
| 2. |
OTHER INCOME |
22.75 |
3.25 |
136.40
|
| |
TOTAL INCOME
|
1956.33 |
1189.07
|
5374.18 |
| 3. |
TOTAL EXPENDITUE |
783.64
|
551.11 |
2292.16 |
| |
(INCREASE)/
DECREASE IN STOCK IN TRADE |
10.12 |
3.01 |
(290.12)
|
| |
CONSUMPTION
OF RAW MATERIAL |
N.A. |
N.A. |
N.A. |
| |
STAFF EXPENDITURE |
325.64
|
263.27
|
1112.24
|
| |
OTHER EXPENDITURE |
447.88
|
284.83
|
1470.04
|
| 4. |
PROFIT BEFORE INTEREST AND
DEPRECIATION |
1172.69 |
637.96
|
3082.02 |
| 5. |
INEREST & FINANCE CHARGES |
340.79
|
126.23
|
676.31
|
| 6. |
PROFIT BEFORE DEPRECIATION |
831.90 |
511.73 |
2405.71 |
| 7. |
DEPRECIATION |
285 |
130
|
762.19
|
| 8. |
PROFIT/(LOSS) BEFORE TAX |
546.90 |
381.73
|
1643.52
|
| 9. |
PROVISION FOR TAXATION |
|
|
|
| |
- CURRENT
TAX |
7.66 |
1.0 |
14.25 |
| |
- FRINGE
BENEFIT TAX |
4.25 |
5.00 |
26.90 |
| 10. |
NET PROFIT OF THE YEAR |
534.99
|
375.73
|
1602.36
|
| 11. |
PROVISION FOR TAX FOR EARLIER YEAR |
|
|
44.02 |
| 12. |
NET PROFIT AFTER TAX |
534.99 |
375.73 |
1558.35 |
| 13. |
PAID UP EQUITY SHARE CAPITAL
(FACE VALUE RS.10/-) |
1896.03
|
1660.40
|
1882.77
|
| 14. |
RESERVES EXCLUDING REVALUATION
RESERVES |
- |
- |
9184.59 |
| 15. |
E.P.S. IN RUPEES |
2.82
|
2.26
|
9.27
|
| 16. |
AGGREGATE OF NON-PROMOTERS SHAREHOLDING|
NO. OF SHARES
PERCENTAGE OF SHAREHOLDING |
12805809
67.54%
|
11374367
68.50%
|
12746159
67.70%
|
1.
The above unaudited financial results for the quarter
ended March 31, 2007 were taken on record at the Board meeting
of the Company held on April 19, 2007.
2.
The share capital of the Company has increased from Rs.
1,882.77 lacs in Dec-06 to Rs. 1,896.03 lacs presently, due to
conversion of warrants. The assets to be acquired from the
proceeds of increased share capital will be delivered in due
course.
3.
Pursuant to the Memorandum of Understanding (MoU)
with Havyard Leirvik A. S., a Yard in Norway, for
exclusive
representation for the marketing and sale of ships built by
Havyard Leirvik A. S. and Ship Designs produced by Havyard
Maritime A. S., a part of the Havyard Group, to Indian
Shipping Companies and Indian Yards, the Company has marketed
4
Nos.
Havyard 842 design to an Indian Yard, during the quarter under
review.
4.
During the quarter under review, the Company has
contracted to acquire a 60T Anchor Handling Tug cum Supply
Vessel
(AHTSV).
This state of the art vessel will be fitted with Fire Fighting
Equipment and will be Dynamic Position 1 (DP1) enabled.
The
vessel is scheduled to be delivered to the Company by mid
2008.
5.
During
the quarter under review, the Company has received a
notification of award of contract from Oil and Natural
Gas
Corporation Limited (ONGC) for charter of its Platform Supply
Vessel (PSV) “M. V. Kamet” for a 5 year period. The vessel
is
scheduled to be delivered to the Company in May 2007. This
vessel is state of the art UT 755 L design with CLEAN
notation,
DP1 and FiFi 1 and will be deployed in India.
