Ishwarshakti Holdings & Traders Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations:
It is practice of the Company:
a. To make provision for non-performing assets at the end of accounting year.
b. To provide for taxation at the end of accounting year.
Source : www.indian-commodity.com
Friday, August 31, 2007
Haryana Capfin - Limited Review For The Quarter Ended Jun 30, 2007
Haryana Capfin Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations:
Provision for employees benefits, if any, as required by revised Accounting Standard 15 issued by Institute of Chartered Accountant of India Accounting for Retirement Benefits in the Financial Statement of Employees will be provided at the end of the year.
Source : www.indian-commodity.com
Provision for employees benefits, if any, as required by revised Accounting Standard 15 issued by Institute of Chartered Accountant of India Accounting for Retirement Benefits in the Financial Statement of Employees will be provided at the end of the year.
Source : www.indian-commodity.com
Thursday, August 30, 2007
Fairfield Atlas - Limited Review For The Quarter Ended Jun 30, 2007
Fairfield Atlas Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations:
Attention is invited to Note 5 on the Statement, regarding the appropriateness of the going concern basis used for the preparation of these Accounts in view of substantial erosion of net worth of the Company arising from operating losses. Fairfield Manufacturing Company Inc., U.S.A., the Principal Shareholder, has informed the Company of its intention of providing financial support to the Company to meet its obligations, as they fall due, and, accordingly, the financial results have been prepared on going concern basis and no adjustment has been made to write down the assets to net realisable value.
Source : www.indian-commodity.com
Attention is invited to Note 5 on the Statement, regarding the appropriateness of the going concern basis used for the preparation of these Accounts in view of substantial erosion of net worth of the Company arising from operating losses. Fairfield Manufacturing Company Inc., U.S.A., the Principal Shareholder, has informed the Company of its intention of providing financial support to the Company to meet its obligations, as they fall due, and, accordingly, the financial results have been prepared on going concern basis and no adjustment has been made to write down the assets to net realisable value.
Source : www.indian-commodity.com
JBF Industries - Limited Review For The Quarter Ended Jun 30, 2007
JBF Industries Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations:
Attention is drawn to the note no 5 of the aforesaid unaudited financial results regarding the non-recognition of exchange gain of Rs 8.73 crores in respect of Foreign Currency Convertible Bond (FCCB) being considered as non-monetary items, due to the reasons explained in the note.
Source : www.indian-commodity.com
Attention is drawn to the note no 5 of the aforesaid unaudited financial results regarding the non-recognition of exchange gain of Rs 8.73 crores in respect of Foreign Currency Convertible Bond (FCCB) being considered as non-monetary items, due to the reasons explained in the note.
Source : www.indian-commodity.com
Industrial Investment - Limited Review For The Quarter Ended Jun 30, 2007
Industrial Investment Trust Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations:
Attention is invited to Note 3 on revised unaudited financial results for the three months ended June 30, 2007, wherein the board of directors have revised the financial statements for the year ended March 31, 2007 consequent to its decision to provide for diminution in the value of investments and has proposed a dividend in its board meeting held on August 16, 2007, subsequent to approval of financial statements for the year ended March 31, 2007 in its meeting held on June 30, 2007 and reported upon by us vide our report dated June 30, 2007. Having regard to the foregoing, the results for the three months ended June 30, 2007 and in respect of March 31, 2007 have been revised.
Source : www.indian-commodity.com
Attention is invited to Note 3 on revised unaudited financial results for the three months ended June 30, 2007, wherein the board of directors have revised the financial statements for the year ended March 31, 2007 consequent to its decision to provide for diminution in the value of investments and has proposed a dividend in its board meeting held on August 16, 2007, subsequent to approval of financial statements for the year ended March 31, 2007 in its meeting held on June 30, 2007 and reported upon by us vide our report dated June 30, 2007. Having regard to the foregoing, the results for the three months ended June 30, 2007 and in respect of March 31, 2007 have been revised.
Source : www.indian-commodity.com
Wednesday, August 29, 2007
Birla VXL - Limited Review For The Quarter Ended Jun 30, 2007
Birla VXL Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations:
1. In absence of substantial evidence regarding advances towards building aggregating to Rs 881 lac, considered good by the management, the auditors are unable to comment upon the ultimate recoverability of the same. Necessary recognition of interest etc if any, will be made on settlement of ongoing / legal / arbitration proceedings.
2. Balances of certain debtors, creditors, loans and advances, secured and unsecured loans are subject to confirmation and / or reconciliation impact whereof is currently not ascertained.
3. The accounts been drawn on going concern basis, despite negative networth, as the Board expects that under improved market conditions, post implementation of various provisions of Scheme and continued initiatives towards operational improvements, adequate net worth and working capital will be available for sustained operations.
4. Note no. 1 of accompanying statement of unaudited financial results, which states that the effect of revised Accounting Standard 15 Employees Benefits, and Provision for Taxation (including Deferred Tax) will be determined and dealt with at the year end.
Source : www.indian-commodity.com
1. In absence of substantial evidence regarding advances towards building aggregating to Rs 881 lac, considered good by the management, the auditors are unable to comment upon the ultimate recoverability of the same. Necessary recognition of interest etc if any, will be made on settlement of ongoing / legal / arbitration proceedings.
2. Balances of certain debtors, creditors, loans and advances, secured and unsecured loans are subject to confirmation and / or reconciliation impact whereof is currently not ascertained.
3. The accounts been drawn on going concern basis, despite negative networth, as the Board expects that under improved market conditions, post implementation of various provisions of Scheme and continued initiatives towards operational improvements, adequate net worth and working capital will be available for sustained operations.
4. Note no. 1 of accompanying statement of unaudited financial results, which states that the effect of revised Accounting Standard 15 Employees Benefits, and Provision for Taxation (including Deferred Tax) will be determined and dealt with at the year end.
Source : www.indian-commodity.com
Omnitex Industries - Limited Review For The Quarter Ended Jun 30, 2007
Omnitex Industries India Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations:
Attention is invited to Note no 6 of the said statement wherein it is stated that as reported earlier, all the manufacturing activities are closed since end of April 2005 and therefore, the Company has not provided depreciation on Fixed Assets situated at Daman & Silvassa.
Source : www.indian-commodity.com
Attention is invited to Note no 6 of the said statement wherein it is stated that as reported earlier, all the manufacturing activities are closed since end of April 2005 and therefore, the Company has not provided depreciation on Fixed Assets situated at Daman & Silvassa.
Source : www.indian-commodity.com
Binani Industries - Limited Review For The Quarter Ended Jun 30, 2007
Binani Industries Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations:
1. The Company has accounted for dividend of Rs 2637 lakhs declared by one of its subsidiaries Board of Directors during the current quarter and approved by shareholders in first week of July 2007. Had this not been so accounted, the company would have had loss of Rs 183 lakhs in the current quarter as against reported profit of Rs 2454 lakhs (refer note no. 2 of the unaudited financial results).
2. As explained in note no 8 of the unaudited financial results, the company has not provided for the Income tax liability of Rs 139 lakhs (including interest of Rs 4 lakhs charged u/s 220(2) of the Income Tax Act, 1961). Since the Company has filed appeals against the order of the Income Tax Appellate Tribunal confirming the chargeability of interest under Sections 234B and 234C of the Income Tax Act, 1961 on Minimum Alternate Tax before the Honble High Court at Calcutta.
Source : www.indian-commodity.com
1. The Company has accounted for dividend of Rs 2637 lakhs declared by one of its subsidiaries Board of Directors during the current quarter and approved by shareholders in first week of July 2007. Had this not been so accounted, the company would have had loss of Rs 183 lakhs in the current quarter as against reported profit of Rs 2454 lakhs (refer note no. 2 of the unaudited financial results).
2. As explained in note no 8 of the unaudited financial results, the company has not provided for the Income tax liability of Rs 139 lakhs (including interest of Rs 4 lakhs charged u/s 220(2) of the Income Tax Act, 1961). Since the Company has filed appeals against the order of the Income Tax Appellate Tribunal confirming the chargeability of interest under Sections 234B and 234C of the Income Tax Act, 1961 on Minimum Alternate Tax before the Honble High Court at Calcutta.
Source : www.indian-commodity.com
Tata Chemicals - Limited Review For The Quarter Ended Jun 30, 2007
Tata Chemicals Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations:
Particulars relating to the aggregate of public shareholding and undisputed investor complaints have been traced from the details furnished by the Registrar.
Source : www.indian-commodity.com
Particulars relating to the aggregate of public shareholding and undisputed investor complaints have been traced from the details furnished by the Registrar.
Source : www.indian-commodity.com
Monday, August 27, 2007
Shreyas Shipping - Limited Review For Quarter Ended June 30, 2007
Shreyas Shipping & Logistics Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:
Not giving effect to Accounting Standard 15 (revised) which was become effective from this quarter, the effect of which on the Profit and Loss account being indeterminate.
Source : www.indian-commodity.com
Not giving effect to Accounting Standard 15 (revised) which was become effective from this quarter, the effect of which on the Profit and Loss account being indeterminate.
Source : www.indian-commodity.com
Ashima - Limited Review For The Quarter Ended Jun 30, 2007
Ashima Ltd has informed that in the Limited Review Report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:
1. The Company had set off the amount of receivables written off against the revaluation Reserves amounting to Rs 7497.35 Lacs during the period ended on March 31, 2006. This is contrary to views expressed by the Institute of Chartered Accountants of India in its Guidance Note on Treatment of Reserves created on the Revaluation of Fixed Assets.
2. The Company has not provided for unpaid interest on loans amounting to Rs 2648.44 Lacs. The loss for the period would have been higher by the said amount, had the company provided for the same.
3. The Company has prepared financial statements based on going concern basis.
Source : www.indian-commodity.com
1. The Company had set off the amount of receivables written off against the revaluation Reserves amounting to Rs 7497.35 Lacs during the period ended on March 31, 2006. This is contrary to views expressed by the Institute of Chartered Accountants of India in its Guidance Note on Treatment of Reserves created on the Revaluation of Fixed Assets.
2. The Company has not provided for unpaid interest on loans amounting to Rs 2648.44 Lacs. The loss for the period would have been higher by the said amount, had the company provided for the same.
3. The Company has prepared financial statements based on going concern basis.
Source : www.indian-commodity.com
Nachmo Knitex - Limited Review For The Quarter Ended Jun 30, 2007
Nachmo Knitex Ltd has informed that in the Limited Review Report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:
Management has informed the Auditors that the CDR Package given by Banks and financial institutions is withdrawn. The Company has not provided for unpaid interest amounting to Rs 69.35 lacs for the quarter and Rs 218.58 lacs aggregated upto June 30, 2007 on Secured Loans from Banks and Financial Institutions in terms of CDR package. Further, the additional liability due to withdrawal of CDR package of Rs 1633.03 lacs in respect of term loans from IDBI has not been provided. The additional liability due to withdrawal of CDR package in case of other lenders is unascertainable, hence not quantified. To that extent the amount of loss and secured loans are understated.
Source : www.indian-commodity.com
Management has informed the Auditors that the CDR Package given by Banks and financial institutions is withdrawn. The Company has not provided for unpaid interest amounting to Rs 69.35 lacs for the quarter and Rs 218.58 lacs aggregated upto June 30, 2007 on Secured Loans from Banks and Financial Institutions in terms of CDR package. Further, the additional liability due to withdrawal of CDR package of Rs 1633.03 lacs in respect of term loans from IDBI has not been provided. The additional liability due to withdrawal of CDR package in case of other lenders is unascertainable, hence not quantified. To that extent the amount of loss and secured loans are understated.
Source : www.indian-commodity.com
GTN Industries - Limited Review For The Quarter Ended June 30, 2007
GTN Industries Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:
The Company has not made any adjustment in respect of revised Accounting Standard 15 - Employee Benefits applicable to the Company with effect from April 01, 2007 which, as mentioned in note 4 of financial results, would be given effect to at the year end. In the opinion of the management, it may not have significant impact on the results for the quarter.
Source : www.indian-commodity.com
The Company has not made any adjustment in respect of revised Accounting Standard 15 - Employee Benefits applicable to the Company with effect from April 01, 2007 which, as mentioned in note 4 of financial results, would be given effect to at the year end. In the opinion of the management, it may not have significant impact on the results for the quarter.
Source : www.indian-commodity.com
Procter & Gamble Announces Q4 & FY 07 Results
Procter & Gamble Hygiene & Health Care Ltd has announced the following Audited results for the quarter & year ended June 30, 2007:
The results for the Quarter ended June 30, 2007:
The Company has posted a net profit of Rs 126.50 million for the quarter ended June 30, 2007 where as the same was at Rs 465.60 million for the quarter ended June 30, 2006. Total Income (net of excise) is Rs 1299.70 million for the quarter ended June 30, 2007 whereas the same was at Rs 1558.70 million for the quarter ended June 30, 2006.
The results for the Year ended June 30, 2007:
The Company has posted a net profit of Rs 898.20 million for the year ended June 30, 2007 where as the same was at Rs 1395.10 million for the year ended June 30, 2006. Total Income (net of excise) is Rs 5547.50 million for the year ended June 30, 2007 where as the same was at Rs 6310.10 million for the year ended June 30, 2006.
Financial Results for the year ended June 30, 2007 are not strictly comparable as the corresponding period ended June 30, 2006 included sales and expenditure of detergent business which was transferred effective October 01, 2005 to Procter & Gamble Home Products Ltd, a 100% subsidiary of The Procter & Gamble Company, USA. Accordingly, effective October 01, 2005, Company operates only in one reportable segment business of manufacturing and marketing Health and Hygiene Products and in one geographical segment i.e. within India.
Source : www.indian-commodity.com
The results for the Quarter ended June 30, 2007:
The Company has posted a net profit of Rs 126.50 million for the quarter ended June 30, 2007 where as the same was at Rs 465.60 million for the quarter ended June 30, 2006. Total Income (net of excise) is Rs 1299.70 million for the quarter ended June 30, 2007 whereas the same was at Rs 1558.70 million for the quarter ended June 30, 2006.
The results for the Year ended June 30, 2007:
The Company has posted a net profit of Rs 898.20 million for the year ended June 30, 2007 where as the same was at Rs 1395.10 million for the year ended June 30, 2006. Total Income (net of excise) is Rs 5547.50 million for the year ended June 30, 2007 where as the same was at Rs 6310.10 million for the year ended June 30, 2006.
Financial Results for the year ended June 30, 2007 are not strictly comparable as the corresponding period ended June 30, 2006 included sales and expenditure of detergent business which was transferred effective October 01, 2005 to Procter & Gamble Home Products Ltd, a 100% subsidiary of The Procter & Gamble Company, USA. Accordingly, effective October 01, 2005, Company operates only in one reportable segment business of manufacturing and marketing Health and Hygiene Products and in one geographical segment i.e. within India.
Source : www.indian-commodity.com
Saturday, August 25, 2007
Gillette India Announces Quarter & Year (18 months) Ended June 30, 2007 Results
Gillette India Ltd has announced the following results for the quarter & year (18 months) ended June 30, 2007:
The Unaudited results for the Quarter ended June 30, 2007
The Company has posted a net profit of Rs 432.40 million for the quarter ended June 30, 2007 as compared to Rs 317.60 million for the quarter ended June 30, 2006. Total Income (net of excise) has increased from Rs 1475.60 million for the quarter ended June 30, 2006 to Rs 1572.40 million for the quarter ended June 30, 2007.
The Audited results for the Year (18 months) ended June 30, 2007
The Company has posted a net profit of Rs 1423.60 million for the year ended June 30, 2007 as
compared to Rs 989.70 million for the year ended June 30, 2006. Total Income (net of excise) has increased from Rs 6634.60 million for the year ended June 30, 2006 to Rs 7165.00 million for the year ended June 30, 2007.
The figures for the year (18 months) ended June 30, 2006 are Unaudited.
Source : www.indian-commodity.com
The Unaudited results for the Quarter ended June 30, 2007
The Company has posted a net profit of Rs 432.40 million for the quarter ended June 30, 2007 as compared to Rs 317.60 million for the quarter ended June 30, 2006. Total Income (net of excise) has increased from Rs 1475.60 million for the quarter ended June 30, 2006 to Rs 1572.40 million for the quarter ended June 30, 2007.
The Audited results for the Year (18 months) ended June 30, 2007
The Company has posted a net profit of Rs 1423.60 million for the year ended June 30, 2007 as
compared to Rs 989.70 million for the year ended June 30, 2006. Total Income (net of excise) has increased from Rs 6634.60 million for the year ended June 30, 2006 to Rs 7165.00 million for the year ended June 30, 2007.
The figures for the year (18 months) ended June 30, 2006 are Unaudited.
Source : www.indian-commodity.com
Grasim Industries - Limited Review For The Quarter Ended Jun 30, 2007
Grasim Industries Ltd has informed that in the Limited Review report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:
Particulars relating to investor complaints have been traced from the details furnished by the Company.
Source : www.indian-commodity.com
Particulars relating to investor complaints have been traced from the details furnished by the Company.
Source : www.indian-commodity.com
Friday, August 24, 2007
Usha Martin - Limited Review For The Quarter Ended June 30,
Usha Martin Infotech Ltd has informed that in the Limited Review Report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:
Non-provision for diminution in the value of certain long term investments on the results for the period under review.
Non-provision for diminution in the value of certain long term investments on the results for the period under review.
Idea Cellular - Limited Review For The Quarter Ended June 30,
Idea Cellular Ltd has informed that in the Limited Review report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:
The Company along with its subsidiaries namely, Idea Mobile Communications Ltd, BTA Cellcom Ltd, Idea Telecommunications Ltd, Sapte Investments Pvt Ltd, Vsapte Investments Pvt Ltd, Bhagalaxmi Investments Pvt Ltd and Asian Telephone Services Ltd have filed applications for amalgamation of these subsidiaries into the Company with the respective High Courts within whose jurisdiction the Registered Office of these Companies are situated.
The appointed date as per the scheme of amalgamation is April 01, 2006. The orders of High Courts for the proposed amalgamation of subsidiaries with the Company have been received in respect of the Company & three subsidiaries of the Company and have not been received for other subsidiaries.
Therefore the Statement of the Company has been prepared without giving any effect of proposed amalgamation of these subsidiaries with the Company.
The Company along with its subsidiaries namely, Idea Mobile Communications Ltd, BTA Cellcom Ltd, Idea Telecommunications Ltd, Sapte Investments Pvt Ltd, Vsapte Investments Pvt Ltd, Bhagalaxmi Investments Pvt Ltd and Asian Telephone Services Ltd have filed applications for amalgamation of these subsidiaries into the Company with the respective High Courts within whose jurisdiction the Registered Office of these Companies are situated.
The appointed date as per the scheme of amalgamation is April 01, 2006. The orders of High Courts for the proposed amalgamation of subsidiaries with the Company have been received in respect of the Company & three subsidiaries of the Company and have not been received for other subsidiaries.
Therefore the Statement of the Company has been prepared without giving any effect of proposed amalgamation of these subsidiaries with the Company.
Allahabad Bank - Limited Review For The Quarter Ended June 30,
Allahabad Bank has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:
Attention is drawn to Note No. 6 of Notes on Accounts in respect of pending reconciliation of NOSTRO / Inter Branch and other control Accounts.
Attention is drawn to Note No. 6 of Notes on Accounts in respect of pending reconciliation of NOSTRO / Inter Branch and other control Accounts.
Monday, August 20, 2007
National Insurance Witnesses Rs 418Cr Net
Kolkata: Kolkata-based National Insurance Company Limited reported a net profit of Rs 418.07 crore for the year March 31, 2007, as against a loss of Rs 114.64 crore in the previous year. The company''s gross premium stood at Rs 3,827.12 crore against Rs 3,536 crore in the last year, a growth of 8.22 per cent over last year. The third party claims went down from 280 per cent in 2005-06 to 149 per cent in 2006-07 in the commercial vehicle sector. Also, stringent norms for medical claims helped boost profit. The company earned Rs 650 crore as mediclaim premium. For the year 2007-08, the company has set a net profit target of Rs 500 crore, on a gross premium target of Rs 4,600 crore. The company has also initiated a five year corporate plan to re-engineer its business processing plan. It appointed PricewaterhouseCoopers (PwC) as consultant and used an advisor from the Indian Institute of Management, Kolkata, to work on the plan.
Friday, August 17, 2007
Dell To Restate 4 Years Of Results After Audit Ends
Dell Inc. said on Thursday it would restate four years of financial results, reducing net income for the period by as much as $150 million, after a lengthy audit found that top executives sought accounting adjustments to reach quarterly performance goals. The restatement, affecting a small fraction of the billions of dollars Dell earned in the period, was greeted with relief by some analysts who had expected more serious consequences.
Dell, the world''s second-largest personal computer maker, still faces a U.S. Securities and Exchange Commission investigation, now in its second year, but legal experts said the audit would likely address most of the SEC''s concerns. Most of the changes look relatively minimal to revenue and earnings per share as far as the restatement is concerned, said Brent Bracelin, an analyst at Pacific Crest Securities in Portland, Oregon.
Dell said it expects the restatements to also reduce revenue by 1 percent or less per year for the period under review. Shares of Dell rose 1.6 percent to $26.35 in after-hours trading from a close of $25.93 on Nasdaq.
The review identified evidence that certain adjustments appear to have been motivated by the objective of attaining financial targets, Dell said, adding that the changes typically occurred at the close of the quarter.
Dell said it expected a cumulative reduction to net income for the restatement period of $50 million to $150 million and a reduction in earnings per share for the period of 2 cents to 7 cents. Dell reported net income of more than $12 billion in the restatement period.
Dell, the world''s second-largest personal computer maker, still faces a U.S. Securities and Exchange Commission investigation, now in its second year, but legal experts said the audit would likely address most of the SEC''s concerns. Most of the changes look relatively minimal to revenue and earnings per share as far as the restatement is concerned, said Brent Bracelin, an analyst at Pacific Crest Securities in Portland, Oregon.
Dell said it expects the restatements to also reduce revenue by 1 percent or less per year for the period under review. Shares of Dell rose 1.6 percent to $26.35 in after-hours trading from a close of $25.93 on Nasdaq.
The review identified evidence that certain adjustments appear to have been motivated by the objective of attaining financial targets, Dell said, adding that the changes typically occurred at the close of the quarter.
Dell said it expected a cumulative reduction to net income for the restatement period of $50 million to $150 million and a reduction in earnings per share for the period of 2 cents to 7 cents. Dell reported net income of more than $12 billion in the restatement period.
Thursday, August 16, 2007
Ballarpur Industries - FY 07 Results On Aug 29, 2007
Ballarpur Industries Ltd has informed that a meeting of the Board of Directors of the Company will be held on August 29, 2007, for consideration and approval of the Audited Annual Accounts of the Company for the financial year ended on June 30, 2007, recommendation of dividend etc.
Tuesday, August 14, 2007
Kaiser Press - FY 07 Results By Sep 30, 2007
Kaiser Press Ltd has informed that the Company has decided not to approve and publish its Unaudited Financial Results for the quarter ended June 30, 2007 on or before July 31, 2007, but the Audited Results for the entire accounting year ended June 30, 2007 will be approved and published within the period of three months i.e. on or before September 30, 2007.
In view of this the Audited Results for Accounting year ended June 30, 2007 will be approved, adopted and published by September 30, 2007.
In view of this the Audited Results for Accounting year ended June 30, 2007 will be approved, adopted and published by September 30, 2007.
Monday, August 13, 2007
Procter & Gamble - FY 07 results On Aug 24, 2007
Procter & Gamble Hygiene & Health Care Ltd has informed that a meeting of the Board of Directors of the Company will be held on August 24, 2007, to consider and approve the annual accounts of the Company for the year ended June 30, 2007.
Further the Company has informed that, the Board will also consider recommending dividend for the year ended June 30, 2007.
Further the Company has informed that, the Board will also consider recommending dividend for the year ended June 30, 2007.
Friday, August 10, 2007
Aviva Life Reports 29-Pc Rise iI H1 Biz
Aviva Life, a joint venture company with the Dabur Group, reported a 29% rise in its business in the half year ended June 30, 2007. The total sales increased to £221 million in the first six months of 2007 as against £173 million in the comparable period in 2006. The company has not disclosed the operating profits in the region.
However, the global operating profit of the UK-based major decreased by 8 per cent to £1,541 million in the first six months of the current year as against £1,699 million in the comparable period previous year. This was due to 34-per cent decrease in general and health insurance profits in the UK market on account of bad weather.
However, the global operating profit of the UK-based major decreased by 8 per cent to £1,541 million in the first six months of the current year as against £1,699 million in the comparable period previous year. This was due to 34-per cent decrease in general and health insurance profits in the UK market on account of bad weather.
Wednesday, August 8, 2007
HCL Infosystems - FY 07 Results On Aug 23, 2007
HCL Infosystems Ltd has informed that a meeting of the Board of Directors of the Company will be held on August 23, 2007, inter alia, to transact the following business:
1. To consider and approve the audited Annual Accounts of the Company for the year ended on June 30, 2007.
2. To consider recommendation of final dividend for the financial year ended on June 30, 2007.
3. To convene the Twenty first Annual General Meeting of the Company.
4. To fix the date for closure of Register of Members and Share Transfer Books.
1. To consider and approve the audited Annual Accounts of the Company for the year ended on June 30, 2007.
2. To consider recommendation of final dividend for the financial year ended on June 30, 2007.
3. To convene the Twenty first Annual General Meeting of the Company.
4. To fix the date for closure of Register of Members and Share Transfer Books.
Tuesday, August 7, 2007
Mphasis Announces Revised Audited Q4 & FY 07 Results (Pursuant To Merger Of EDS India With The Compa
Mphasis Ltd has announced the following Revised Audited Financial Results for the quarter & year ended March 31, 2007 pursuant to merger of EDS Electronic Data Systems (India) Pvt Ltd (EDS India) with the Company.The results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 463.269 million for the quarter ended March 31, 2007 as compared to Rs 182.644 million for the quarter ended March 31, 2006. Total Income has increased from Rs 1039.379 million for the quarter ended March 31, 2006 to Rs 3268.616 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 1315.337 million for the year ended March 31, 2007 as compared to Rs 762.257 million for the year ended March 31, 2006. Total Income has increased from Rs 3852.973 million for the year ended March 31, 2006 to Rs 10938.699 million for the year ended March 31, 2007.The Consolidated results are as follows:The consolidated results for the Quarter ended March 31, 2007 The Group has posted a net profit of Rs 628.547 million for the quarter ended March 31, 2007 as compared to Rs 351.558 million for the quarter ended March 31, 2006. Total Income has increased from Rs 2516.378 million for the quarter ended March 31, 2006 to Rs 5005.837 million for the quarter ended March 31, 2007.The consolidated results for the Year ended March 31, 2007 The Group has posted a net profit of Rs 1800.724 million for the year ended March 31, 2007 as compared to Rs 1498.575 million for the year ended March 31, 2006. Total Income has increased from Rs 9477.569 million for the year ended March 31, 2006 to Rs 17470.815 million for the year ended March 31, 2007.
Ashok Leyland July Sales Dwindle By 19.5%
Ashok Leyland reports sales of 3,391 goods carriers in July, about 20 per cent lesser than 4,208 sold in the same period last year. The goods segment sales for the month were also lower than in the previous month (3,973 units). However, sales of passenger vehicles continued to soar. The company sold 1,621 buses (745), but fewer than 1,791 units sold in June.Overall, including exports, Ashok Leyland sold 5,574 vehicles (5,231) and 6,510 in June.During the April-July period, the company sold 23,737 vehicles (22,271).The company exported 540 vehicles (261) in July 2006 and 694 in June.In the first four months of the current year, the company has exported 1,964 vehicles (1,505).The company has a policy of borrowing in foreign currency as much as it earns from exports.
Mphasis Announces Q1 Results
Mphasis Ltd has announced the following Audited results for the quarter ended June 30, 2007:The Company has posted a net profit of Rs 487.382 million for the quarter ended June 30, 2007 as compared to Rs 280.930 million for the quarter ended June 30, 2006. Total Income has increased from Rs 2313.651 million for the quarter ended June 30, 2006 to Rs 3465.408 million for the quarter ended June 30, 2007.The Consolidated results are as follows:The Group has posted a net profit of Rs 513.048 million for the quarter ended June 30, 2007 as compared to Rs 326.009 million for the quarter ended June 30, 2006. Total Income has increased from Rs 3836.489 million for the quarter ended June 30, 2006 to Rs 5139.050 million for the quarter ended June 30, 2007.Commenting on the results Mr. Jerry Rao, Chairman, said With the legal merger now complete we are in a position to declare the aggregate results of the organizations and the numbers are a testimony to the joint synergies. As a combined group with EDS, we are growing from strength to strength and the proof of that is the fact that together we are winning in the marketplace. Our annualized revenue run rate is now well over half a billion dollars and our profitability is on track as well, despite the strength of the rupee.
Monday, August 6, 2007
New India Assurance Reports 104% Rise In Net Profit
Mumbai: New India Assurance has reported a 103.79 per cent rise in net profit at Rs 1,459.95 crore for the year ended March 31, 2007 compared withRs 716.38 crore in the previous year. This rise in net profit has been attributed to reduction in underwriting and increase in investment income. The underwriting results of the company has shown a loss of Rs 653.27 crore during the year against Rs 1,199.32 crore before adjusting the policyholders'' share of investment income. The investment income has gone up by 11.93 per cent to Rs 2251 crore (Rs 2,011 crore). The company''s global net premium rose at Rs 4,751.76 crore (Rs 4,342.66 crore). It has declared a dividend of 146 per cent.
Friday, August 3, 2007
Lenovo Profits Rise 13-Fold
Hardware giant Lenovo has seen a 13-fold surge in quarterly profits thanks to shifting jobs to lower cost countries and dropping component costs. The Chinese PC maker reported a profit of $66.84m (£32.9m) in the fiscal first quarter ending in June, compared with $5.21m (£2.56m) last year and analysts'' forecasts of $32m (£15.8m)
''In the past two years, through the formulation of the right strategy and effective execution, Lenovo''s performance is showing signs of growth,'' said chairman Yang Yuanqing. ''Building upon a solid, healthy foundation, Lenovo has the ability to grow faster and tap the growth potential of the PC industry.''
China''s top PC manufacturer is world''s third largest supplier following the purchase of IBM''s PC hardware arm for $1.25bn (£615m) in 2005. But it has been saddled with expenses arising from lay-offs and streamlining as it seeks to compete with the likes of Acer and HP.
''In the past two years, through the formulation of the right strategy and effective execution, Lenovo''s performance is showing signs of growth,'' said chairman Yang Yuanqing. ''Building upon a solid, healthy foundation, Lenovo has the ability to grow faster and tap the growth potential of the PC industry.''
China''s top PC manufacturer is world''s third largest supplier following the purchase of IBM''s PC hardware arm for $1.25bn (£615m) in 2005. But it has been saddled with expenses arising from lay-offs and streamlining as it seeks to compete with the likes of Acer and HP.
Wednesday, August 1, 2007
Alok Industries Announces Q1 Results
Alok Industries Ltd has announced the following Unaudited results for the quarter ended June 30, 2007:
The Company has posted a profit after tax of Rs 550.10 million for the quarter ended June 30, 2007 as compared to Rs 269.20 million for the quarter ended June 30, 2006. Total Income has increased from Rs 3574.50 million for the quarter ended June 30, 2006 to Rs 4586.40 million for the quarter ended June 30, 2007.
The Company has posted a profit after tax of Rs 550.10 million for the quarter ended June 30, 2007 as compared to Rs 269.20 million for the quarter ended June 30, 2006. Total Income has increased from Rs 3574.50 million for the quarter ended June 30, 2006 to Rs 4586.40 million for the quarter ended June 30, 2007.
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