Nirma Announces Q4 & FY 07 Results

Nirma Ltd has announced the following results for the quarter & year ended March 31, 2007:The Unaudited results for the Quarter ended March 31, 2007 The Company has posted a net loss of Rs 934.50 million for the quarter ended March 31, 2007 as compared to net loss Rs 356.20 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 5060.60 million for the quarter ended March 31, 2006 to Rs 6399.10 million for the quarter ended March 31, 2007.The Audited results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 1084.10 million for the year ended March 31, 2007 as compared to Rs 2413.80 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 19428.20 million for the year ended March 31, 2006 to Rs 22601.80 million for the year ended March 31, 2007.

Nashik Posts 116% Software Exports Growth In Fiscal 2006-07

Nashik: Nashik-based STPI (Software Technology Park of India)-registered units have recorded a 116 per cent growth in software exports in fiscal 2006-07. Software export from Nashik is hoped to reach Rs 150 crore by the end of fiscal year 2008-09. ITPO industry in both Mumbai and Pune has reached a saturation point. So far, around 19 units, including Tricom India, WNS Global Services, Aress Software and Education Technologies, Object Edge Software, Web DreamWorks, Thinking Minds.Com, eLuminous Technologies, ESDS Software Solutions, Winjit Technology, Webminds Infotech, Gega Infotech, Kaizen Overseas, MaGaJa InfoTech, Neumann Systems Software, Net Solutions India, Illusion Graphix and Sai Softwares have been registered with the STPI, for the software export. Software export from Nashik has increased 116 per cent to Rs 26 crore during fiscal 2006-07 compared to last year. The software export from Nashik was Rs 12 crore in FY 2005-06 and Rs 9.5 crore in FY 2004-05.

FHL''s FY07 Income At Rs 525.4 Crore

Fortis Healthcare Limited (FHL), reported its consolidated financial results for financial year ended March 31, 2007. The consolidated total income for the period stood at Rs 525.40 crore, as against Rs 297.08 crore last year. The consolidated EBITDA grew significantly to Rs 61.52 crore, up 122 per cent over the last fiscal. The EBITDA margins saw an improvement during the fiscal at 11.71 per cent as against 9.3 per cent in the previous fiscal.

This was achieved through changes in product and room mix, increased capacity utilization and strengthening of high-end procedures, particularly cardiac and specialty procedures across hospitals. Higher share of operate and management (O&M) contracts fee have also improved margins.

FHL recorded a net loss of Rs 97.39 crore, which grew from Rs 52.92 crore in the previous fiscal. The net loss increase is primarily on account of incremental interest and goodwill amortization costs due to the full year impact of acquisition of Escorts Heart institute and Research Center Limited, as against six-month impact in the last financial year.

HMT Announces Q4 & FY 07 Results

HMT Ltd has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Company has posted a net loss of Rs 163.50 million for the quarter ended March 31, 2007 as compared to net profit of Rs 236.60 million for the quarter ended March 31, 2006. Total Income has decreased from Rs 1116.10 million for the quarter ended March 31, 2006 to Rs 842.40 million for the quarter ended March 31, 2007.The results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 543.00 million for the year ended March 31, 2007 as compared to Rs 132.70 million for the year ended March 31, 2006. Total Income has decreased from Rs 2843.50 million for the year ended March 31, 2006 to Rs 2508.70 million for the year ended March 31, 2007.

Hindalco Industries Announces Audited Consolidated FY 07 Results

Hindalco Industries Ltd has announced the following Audited Consolidated Results for the year ended March 31, 2007:The Group has posted a net profit (after minority interest) of Rs 26865 million for the year ended March 31, 2007 as compared to Rs 15796 million for the year ended March 31, 2006. Total Income has increased from Rs 124002 million for the year ended March 31, 2006 to Rs 197251 million for the year ended March 31, 2007.

Petron Engineering - Limited Review for the quarter ended Mar 31, 2007

Petron Engineering Construction Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations:1. The Auditors are informed by the management that an extended value of Rs 30/- Crores against an on going foreign contract under execution, awarded to the Company stood cancelled after March 31, 2007.2. However the Company had considered the effect of the same in the accompanying statement of unaudited results for the three months ended March 31, 2007.3. Consequently the Revenue recognition and Due from customers in the accompanying statement of unaudited financial results is less by Rs 1,00,68,289/-, profit for the three months ended March 31, 2007 is less by Rs 1,00,68,289/- and the Provision for Taxation is less by Rs 33,88,986/-.

Advance Petrochemicals - Limited Review For The Quarter Ended Mar 31, 2007

Advance Petrochemicals Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations:Depreciation is calculated @ 2.50% on Plant & Machinery instead of @ 4.75%.

Bata India - Limited Review For The Quarter Ended Mar 31, 2007

Bata India Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations:1. In the absence of physical verification / valuation of the stock of the Company, the same has been accounted for as per the book balances. The Auditors are unbale to comment upon the impact, if any, on these accompanying results, had such verification and valuation been undertaken. In respect of the above matter, the Auditors report for the corresponding previous quarter was similarly modified.2. In 2006, Government of India has promulgated an Act namely The Micro, Small and Medium Enterprises Development Act, 2006 which comes into force with effect from October 02, 2006. As per the Act, the Company is required to identify the Micro, Small and Medium suppliers and pay them interest on overdues beyond the specified period irrespective of the terms agreed with the supplier. The Company is in the process of compiling information regarding measurement of interest liability prescribed by the Act. in view of the above, the Auditors are unable to comment upon the impact, if any, thereof on these accompanying results.

Kaira Can - Limited Review For The Quarter Ended Mar 31, 2007

Kaira Can Company Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations:1. The information on pending investor complaints has been furnished by the Company on the basis of the Certificate from the Registrar and Transfer Agents of the Company.2. Accounting Standard 9 on Revenue Recognition as explained in paragraph (i) below for accrual of Advance License Benefits, has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement including the manner in which it is to be disclosed or that it contains any material misstatement except as under:i. As per consistent practice of the Company, Estimated Import Duty benefits amounting to Rs 77.59 lacs and Rs 100.57 lacs against the exports effected during the Quarter and Twelve Months ended March 31, 2007 respectively taken into account as incentives accruing in respect of duty free imports of raw materials, yet to be made. As a result, net profit for Quarter and Twelve Months ended March 31, 2007, is overstated by Rs 66.94 lacs and Rs 66.84 lacs respectively.ii. Pending Insurance claim amounting to Rs 43.44 lacs for loss / damage of raw materials and finished goods during transit and remaining outstanding from the financial year ended March 31, 1991. The Company has filed the suit against the Insurance Company in Mumbai High Court for the recovery of the said claim which is pending disposal by the High Court. The Auditors are unable to comment on the recoverability or otherwise of the said amount due from the Insurance Company.

Assam Company - Limited Review For The Quarter Ended Mar 31, 2007

Assam Company Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations:1(a) Pending finalization of accounts the statutory audit of the Company for the period ended December 31, 2006 could not be completed. Resultant adjustments that may arise on completion of audit and accounts for the period ended December 31, 2006 has not been considered in the accompanying statement of unaudited financial results.1(b) As indicated in Note No. 5 to the accompanying statement of Unaudited Financial Results, provision for taxation - both current and deferred tax (Deferred tax assets / liability as per requirements of Accounting Standard - 22 on Accounting for Taxes on Income issued by the Institute of Chartered Accountants of India) have not been computed and therefore not considered in the referred statement of unaudited financial results. The consequential impact of the above on net results for the quarter ended March 31, 2007 remains unascertained.

Trigyn Technologies - Limited Review For The Quarter Ended Mar 31, 2007

Trigyn Technologies Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations:1. As stated in Note 5 of the Statement, investment in two subsidiaries are being carried at its carrying value of Rs 4,793.70 lacs and no further provision for diminution in value of investment is considered necessary by the management. In the Auditors opinion, the extent of the erosion in the net worth of the two subsidiaries is significant. However, the Auditors are unable to comment on the amount of shortfall in the provision for further diminution in the value of the aforesaid investment.2. During the quarter and for the year, there has been a short provision for depreciation amounting to Rs 2.20 lacs and short provision for fringe benefit taxation amounting to Rs 0.29 lacs. As a result of this, the depreciation for the quarter and for the year is lower by 2.20 lacs and provision for fringe benefit taxation for the quarter and for the year is lower by Rs 0.29 lacs, net profit after extraordinary items for the quarter and for the year is higher by Rs 2.49 lacs, basic and diluted earning per share before and after extraordinary item for the quarter is higher by Rs 0.01 and for the year is higher by Rs 0.01.3. Other Expenditure in the Statement includes interest amounting to RS 2.76 lacs for the quarter and Rs 4.60 lacs for the year, which has not been separately disclosed.

CESC - Limited Review For The Quarter Ended Mar 31, 2007

CESC Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations:1. A net provision of Rs 119 crores (including Rs 50 crores for the current quarter), has been made for the year based on Companys understanding of regulatory provisions on account of cost adjustments, towards an estimated adjustable sum on account of cost of electrical energy purchased and fuel and related cost for the current year taking into account the effect on this count for earlier yeas arising from the applicable orders and also considering the impact of other adjustments necessary under the regulations. The auditors have been informed by the management that the matter would be accurately quantified and disposed of on receipt of further directions from the appropriate authorities.2. For the current quarter / year ended, the Company has provided depreciation on straight line method at the rates specified in the applicable Regulation which are different from the rates prescribed under the Regulation applicable for the previous year. Since tariff for the current year has been determined after taking into consideration such revision, the aforementioned change does not have any impact on the unaudited results.

Deccan Aviation - Limited Review For The Quarter Ended Mar 31, 2007

Deccan Aviation Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations: The previous auditors in their report dated September 22, 2006 on the financial statements for the fifteen months ended June 30, 2006, reported that adjustments to inventories of rotables, stores, spares and components made in the financial statements for the fifteen months ended June 30, 2006 as may pertain to the year ended March 31, 2005 was not ascertainable. In their report dated September 20, 2005 on the financial statements for the year ended March 31, 2005, they reported that they were unable to verify the valuation of inventories of rotables, stores, spares and components of Rs 2,973 lakhs of one of the divisions as estimated by the management as at March 31, 2005 pending reconciliation of the stock ledger with the financial records and the consequential updation of the stock ledger. This has no impact on the financial results for the quarter ended March 31, 2007 or the nine months ended March 31, 2007.