Northgate Technologies - Limited Review For The Quarter ended Dec 31, 2006

Northgate Technologies Ltd has informed that in the limited review report of the company for the quarter ended December 31, 2006, the Auditors of the Company have made the following observations:Receivables of the company as at December 31, 2006, include long outstanding dues from subsidiaries amounting to Rs 2,783.35 lakhs. The management considers these receivables as good and fully recoverable, the fact of which cannot be independently established by the Auditors. The amount of provision, if any, that may be necessary in the event of non recovery, is presently not ascertainable, which in the opinion of the management may be insignificant.