UCO Bank - Limited Review For The Quarter Ended Dec 31, 2007

UCO Bank has informed that in the limited review report of the Bank for the quarter ended December 31, 2007, the Auditors of the Bank have made the following observations:

1. Reconciliation / adjustment of pending outstanding entries in the Inter-Office and Inter-Bank transactions (refer to Note No. 2) and

2. Account of certain income on cash basis not being in accordance with Accounting Standard 9 on Revenue Recognition issued by the Institute of chartered Accountants of India (ICAI) (refer note No 6).

Binani Industries - Limited Review For The Quarter Ended Dec 31, 2007

Binani Industries Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

As explained in note no. 8 of the unaudited financial results, in view of the Companys appeals pending before the Honble High Court at Calcutta against interest charged on Minimum Alternate Tax under section 234B and 234C of the Income Tax Act, 1961 inthe assessment for certain assessment years, no provision has been made in the booksof accounts for an amount of Rs 139 Lakhs (including interest of Rs 4 lakhs charged under section 220(2) of the Income Tax Act, 1961).

House Of Pearl - Limited Review For The Quarter Ended Dec 31, 2007

House of Pearl Fashions Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. The Company has not applied the Revised Accounting Standard - 15 on Employees Benefits issued by The Institute of Chartered Accountants of India (ICAI). The Company proposed to apply the same at the financial year-end.

2. The Auditors have not reviewed financial statements of foreign subsidiaries reviewed by the other auditors for the purpose of limited review. Also for the purpose of Segmental reporting, the Auditors have relied upon the information complied by the management based on the reviewed financial statements by the other auditors.

Hindustan Dorr - Limited Review For The Quarter Ended Dec 31, 2007

Hindustan Dorr Oliver Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Attention is invited to note no. 3 to statement of Unaudited Financial Results regarding overdue debtors and retention money aggregating to Rs 620.98 lacs for which no provision has been considered necessary by the management for reasons explained therein.

Amit Spinning - Limited Review For The Quarter Ended Dec 31, 2007

Amit Spinning Industries Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Attention is invited to the notes to the accompanying statement regarding provision, if any, for recording of impairment loss, if any (as per Accounting Standard - 28 Impairment of Assets issued by the ICAI) and provisions, if any, (as per Accounting Standard - 29 Provisions, Contingent liabilities and Contingent Assets issued by the ICAI), adjustment on account of Retirement Benefits (as per Accounting Standard - 15 (Revised) Employees Benefits issued by ICAI) which will be made at the year end.

Yarn Syndicate - Limited Review For The Quarter Ended Dec 31, 2007

Yarn Syndicate Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. The Auditors qualification as given in the account for the year ended March 31, 2007 and for the quarter ended September 30, 2007, their current status and other related information have not been dealt with in the published result for the quarter ended December 31, 2007. The impact of those on the result for the quarter and the six months ended on December 31, 2007 as such cannot be commented upon.

2. Attention is invited to the Note 2 of the statement regarding non compliance of Accounting Standard - 22, Accounting for Taxes on Income with regard to recognition of deferred tax. The Auditors are unable to ascertain and state the impact of the same on the various figures and the amount of loss given in the statement.

3. The Company has not complied with the Accounting Standard-15 Employees Benefit nor the same has been disclosed in the published result. Accordingly, the Auditors are unable to ascertain and state the impact of additional liability, if any on the amount of employees benefits and the amount of loss given in the statement.

Crest Animation - Limited Review For The Quarter Ended Dec 31, 2007

Crest Animation Studios Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations :

1. The Company has investments in subsidiary companies, aggregate carrying value as at March 31, 2007: Rs 4630.78 lacs; comprising Rs 4188.43 lacs in equity shares and Rs 442.35 lacs in cumulative redeemable preference shares, with an option to convert into equity shares. The combined loss for the year ended March 31, 2007 and the net worth as on that date of these subsidiaries and the step - down subsidiaries and their joint ventures, attributable to the Company, on the basis of the financial statements for the year ended March 31, 2007, are Rs 2376.41 lacs and Rs 1311.79 lacs respectively. The management is of the view that there is no diminution in the value of these investments and therefore no provision is considered necessary; and

2. In respect of long-term contracts for production of a feature film where revenue of Rs 2078.42 lacs has been recognised on a percentage completion method, the Auditor have relied upon the managements estimates of percentage of completion and cost of completion in view of the technical nature of such estimates.

3. The Company has capitalised an amount of Rs 920.02 lacs (written down value as at December 31, 2007: Rs 690.01 lacs) towards the cost of acquisition of a Production Process Monitoring Software after cancelling the operating lease entered into for taking that software on lease. On the basis of the information and explanations given to the Auditors and documentation produced to them, being a technical matter, the Auditors are unable to review the reasonableness of the carrying amount and whether any impairment loss needs to be provided for [managements representation is given in Note 3(a)].

Ircon International - Limited Review For The Quarter Ended Dec 31, 2007

Ircon International Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations :

1. In respect of Deferred Iraqi Dues which continued to be translated on last settlement due in 1995 with Government of India and not translating at rates prevailing on December 31, 2007, not in confirmity with AS-11.

2. Non-provision of Gratuity / Leave Encashment / Settlement allowance on actuarial basis and provided on prorated estimated basis.

Mawana Sugars - Limited Review For The Quarter Ended Dec 31, 2007

Mawana Sugars Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. The Auditors observations in their audit report dated May 31, 2007 on the accounts of the Company for the year ended March 31, 2007, although not disclosed in the accompanying statement (refer note 5 of the statement) have been summarized in paragraphs (i) and (ii) below:

(i) In respect of pending export obligation aggregating US $ 4.31 crores as at December 31, 2007, consequent to import of plant and machinery in previous years, possible liability that would devolve on the Company due to the pending export obligation has not been determined and provided for in the results by the Company. The Auditors are unable to express an opinion in the matter; and

(ii) Various matters arisen / arising out of the reorganization arrangement of DCM Ltd will be settled and accounted for as and when the liabilities / benefits are finally determined. The effect of these on the results has not been determined by the Company.

2. Attention is invited to note 7 which sets out the position relating to State Advised Price (SAP) announced by the Uttar Pradesh Government for the sugar season 2007-08. Pending final determination of revised SAP for this sugar season, the effect thereof on these results can not be determined at this stage.

Gontermann Peipers - Limited Review For The Quarter Ended Dec 31, 2007

Gontermann Peipers India Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. Sales are net of claims aggregating to Rs 21.23 lacs for the quarter ended December 31, 2007 hut include foreign exchange fluctuation Rs 46.01 lacs.

2. Leave and gratuity liabilities are provided on estimated basis.

3. In determining the Segment results, joint expenses are allocated to the two business segment of the Company by the management on percent basis which in the opinion of the management is reasonable, as both the products are manufactured in combined Facilities and sold by the combined sales force however all other segment expenses are directly attributable to the segments.

The basis of allocation of joint expenses is not comparable with that during the corresponding period in the previous year.

Such changes can have a significant impact on the segment information reported, but will not change aggregate financial information. The financial impact of such change on segment information is not reasonably determinable.

Singer India - Limited Review For The Quarter Ended Dec 31, 2007

Singer India Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1(a). The net worth at the Company as at December 31, 2007 has been completely eroded. The Company has been Declared a sick Industrial Unit in terms of Section 3(1)(o) of the Sick Industrial Companies (Special Provisions) Act, 1985. The financial results have been prepared on a going concern basis, where the Company will be able to realize all its assets at their carrying values as at December 31, 2007 and discharge all its liabilities as at December 31, 2007 in the normal course of business.

Since the net worth of the Company has completely eroded, the Auditors are unable to comment on its continuity as a going concern. The financial information does not include any adjustments that may be requited in case the Company is unable to continue its operations as a going concern. Accordingly, the Auditors are unable to ascertain the related financial impact, if any, in case the Company is unable to continue as a going concern.

1(b). Deposits and Prepaid Taxes aggregating to Rs 14,753 thousand have been included under the head Loans & Advances - Considered Good on which the auditors are unable to comment on their recoverability / realisability and further, no provision for Sales Tax Rs 13,915 thousand has been made in the accounts. The management is hopeful that these amounts would be recovered or Liabilities would not arise Residual Liability, if any, on settlement would be provided on crystallization.

1(c). Consequent to Accounting Standard 15 (revised) becoming mandatory, the transitional liability, if any, is in the process of being computed and would be adjusted with the opening balance in Profit & Loss account carried forward.

Bombay Burmah - Limited Review For The Quarter Ended Dec 31, 2007

Bombay Burmah Trading Corporation Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. Attention is invited to Note No. 3(ii) regarding charging of VRS expenditure in the quarter ended June 30, 2007 instead of charging of the same on prorate basis.

2. Provision for leave encashment is made on estimated basis considering the actuarial valuation carried out as at the end of the previous financial year. Provision for short term compensation absences in terms of Accounting Standard - 15 (Revised) would be made at the year end. The impact of this adjustment has not been ascertained.

Melstar Information - Limited Review For The Quarter Ended Dec 31, 2007

Melstar Information Technologies Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Note no 6 the unaudited financial results regarding loans / advances aggregating to Rs 19.36 lacs outstanding from a wholly owned subsidiary Company, whose net worth is eroded, considered good of recovery by the management for the reasons stated in the said note and note no 7 regarding the losses suffered by the Company and the Company exploring the avenues for increasing the turnover and on that basis, the expected continued growth in the operations as stated in the said note.

Infomedia India - Limited Review For The Quarter Ended Dec 31, 2007

Infomedia India Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. As stated in Note 10 to the Statement of Standalone Unaudited Results, the Company has not computed and adjusted the incremental liability in respect of leave encashment as at April 01, 2007 arising on account of implementation of Revised Accounting Standard (AS) 15 on Employee Benefits. This is not in accordance with the transitional provisions of Revised AS 15. Further the amount debited to the profit and loss account for the quarter ended December 31, 2007 includes impact for the preceding two quarters, amount of which has not been ascertained by the Company. The impact of this on the results of the quarter and the nine months ended December 31, 2007 cannot be ascertained.

2. As stated in Note 6 to the Statement of Standalone Unaudited Results, the Company is in the process of reconciling balances in respect of debtors and advances received from debtors. These unaudited financial results do not include the effect of adjustments, if any, which may be required on completion of such reconciliation.

Savita Chemicals - Limited Review For The Quarter Ended Dec 31, 2007

Savita Chemicals Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Change in method of valuation of inventory for the quarter ending December 31, 2007.

Borosil Glass- Limited Review For The Quarter Ended Dec 31, 2007

Borosil Glass Works Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Attention is invited to Note no. 4 regarding the cancellation of Development Agreement for developing a portion of the surplus land and liquidated damage thereon.

Tips Industries - Limited Review For The Quarter Ended Dec 31, 2007

Tips Industries Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. Without qualifying their opinion, the Auditors draw attention to:

(i) They have relied upon management representation regarding expected total revenue from exploitation of film rights, based on which cost of production is charged to the profit and loss account.

2. In the absence of records of title wise stock, cost of copyrights and in-house music production cost are apportioned as overheads in the valuation of finished goods on an average basis, the impact of which on profit is not ascertainable. (Cost apportioned during the quarter of Rs 82.65 lacs). Accordingly, the valuation of inventories is not as per the Accounting Standard - 2 Valuation of Inventories.

3. The Auditors rely on management representation regarding:

(a) Recoverability of advances against film production / distribution of Rs 401.94 lacs & other advances of Rs 228.20 lacs &

(b) Non-provision of fringe benefit tax of Rs 26.10 lacs on eligible expenses incurred in production of films, based on the experts opinion referred to in Note no 7 of the notes to the Statement.

Victoria Mills - Limited Review For The Quarter Ended Dec 31, 2007

Victoria Mills Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Provision of approximately Rs 9.50 cores has not been made in this quarter regarding fraud against the Company, due to uncertainties involved and pending police investigation.

Samtex Fashions - Limited Review For The Quarter Ended Dec 31, 2007

Samtex Fashions Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Opening and Closing Stock of Inventories have been taken as valued and certified by the Management.

Spice Communications - FY 07 Results On Mar 01, 2008

Spice Communications Ltd has informed that a meeting of the Board of Directors of the Company will be held on March 01, 2008, to consider and approve the Audited financial results of the Company for the financial year ended December 31, 2007.

Nestle India - FY 07 Results On Mar 04, 2008

Nestle India Ltd has informed that a meeting of the Board of Directors of the Company will be held on March 04, 2008, inter alia, to consider and approve the audited financial results of the Company for the year ended December 31, 2007 and recommendation of final dividend for the year 2007, if any.

Glaxosmithkline Pharmaceuticals Announces Q4 & FY 07 Results

GlaxoSmithKline Pharmaceuticals Ltd has announced the Audited Results for the quarter & year ended December 31, 2007:

The results for the quarter ended December 31, 2007

The Company has posted a net profit of Rs 809.00 million for the quarter ended December 31, 2007 where as the same was at Rs 677.90 million for the quarter ended December 31, 2006. Total Income is Rs 3679.40 million for the quarter ended December 31, 2007 where as the same was at Rs 3424.30 million for the quarter ended December 31, 2006.

The results for the year ended December 31, 2007

The Company has posted a net profit of Rs 5376.60 million for the year ended December 31, 2007 where as the same was at Rs 5455.10 million for the year ended December 31, 2006. Total Income is Rs 16669.80 million for the year ended December 31, 2007 where as the same was at Rs 16228.50 million for the year ended December 31, 2006.

The Consolidated Results are as follows:

The Audited Consolidated Results for the year ended December 31, 2007:

The Group has posted a net profit of Rs 5475.50 million for the year ended December 31, 2007 where as the same was at Rs 5510.00 million for the year ended December 31, 2006. Total Income is Rs 17010.80 million for the year ended December 31, 2007 where as the same was at Rs 16524.70 million for the year ended December 31, 2006.

The growth in Sales (excluding the Animal Health and Fine Chemicals businesses) was 7.8% and in Profit before Tax and Exceptional items was 13.8% for the year ended December 31, 2007 on a comparable basis. The growth in sales and profits was primarily driven by sales of priority products which registered a double digit growth, improvement in the gross margin and expense control. The figures for the current period are not comparable with those of the previous period, in view of the sale of the Fine Chemicals business on September 30, 2007 and of the Animal Health business on July 31, 2006.

Intercorp Industries - Limited Review For The Quarter Ended Dec 31, 2007

Intercorp Industries Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations :

No provision has been made in the accompanied unaudited financial results for -

(a) Interest of Rs 76.82 Lacs (Rs 230.46 Lacs for period ended December 31, 2007) on Term Loan (as per the estimate by the management) from financial Institution. (Cumulative amount of Interest not provided for Rs 1850.15 Lacs)

(b) Non provision of demurrage charges on capital equipment lying in Bonded Go-down (Amount unascertained).

(c) Basic & diluted earning per share (EPS) for the period ended December 31, 2007 shown in the accompanying statement is subject to Auditors above observations.

Without considering (b) & (c) above the effect of which could not be determined, had the observation made by the Auditors in (a) above been considered, the loss for the three months period ended December 31, 2007 should be Rs 76.86 Lacs (as against the reputed figure of Rs 0.04 Lacs) and Rs 230.66 Lacs for period ended December 31, 2007 (as against the reported figure of Rs 0.20 Lacs).

Oriental Carbon - Limited Review For The Quarter Ended Dec 31, 2007

Oriental Carbon & Chemicals Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

The Auditors report regarding outstanding Advances from bodies corporate / firms aggregating to Rs 909.52 lacs and interest there on Rs 531.75 lacs including Rs 335.83 lacs not accounting for period from April 01, 2000 onwards, due to reasons stated in the Note No. 5 of the audited accounts as on March 31, 2007 for which the Auditors are unable to comment about the recovery of above dues and the impact, if any, due to uncertainty in realizations.

Ledo Tea - Limited Review For The Quarter Ended Dec 31, 2007

Ledo Tea Company Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

AS 22 for non-provision of Deferred Tax Assets / Liabilities & Current Tax Provision and AS 28 for Impairment of Assets, respectively resulting the effect accordingly.

Umang Dairies - Limited Review For The Quarter Ended Dec 31, 2007

Umang Dairies Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. Attention in invited to:

(a) Regarding preparation of Financial results on the basis of Going Concern Concept despite negative net worth for the reasons stated in the Note No. 6 of Schedule 15 of the Audited Accounts for the year ended March 31, 2007.

(b) Regarding management perception about recoverable amount of fixed assets of the Company being more than carrying amount as stated in Note No 14 of Schedule 15 of the Audited Accounts for the year ended March 31, 2007.

(c) Regarding certain balances of debtors, creditors and other liabilities (including advance from customers), financial institution and bank (term loan) are in process of confirmation / reconciliation.

2. As stated in Note No. 3 & 4 of the financial results for the quarter ended December 31, 2007 the Company has not provided Interest on Term Loans, Debentures and advance against debentures and penal interest / liquidated damages etc. thereon (amount unascertained).

Surat Textile - Limited Review For The Quarter Ended Dec 31, 2007

Surat Textile Mills Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. The Company has not made provision to recognise diminution in the value of long - term investment in equity shares amounting to Rs 659.79 lacs, which is contrary to AS - 13 - Accounting for Investments issued by the Institute of Chartered Accountants of India.

2. The Company has not provided for the deferred tax assets laid down in AS-22 Accounting for taxes on Income issued by the Institute of Chartered Accountants of India as the management is of the opinion that there is a reasonable uncertainty as to the utilisation of deferred tax assets, in part, in the foreseeable future. Hence, the Company following conservatism does not intend to create deferred tax assets for the period

Sahara One Media - Limited Review For The Quarter Ended Dec 31, 2007

Sahara One Media & Entertainment Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

The Companys current assets as at December 31, 2007 include loans and advances aggregating to Rs 6.95 crores outstanding for more than 3 years for acquiring television and film content and sundry debtors of Rs 2.14 crores outstanding for more than 1 year. These balances have not been confirmed as at December 31, 2007 nor have these been adjusted or utilized at that date. In the absence of sufficient and appropriate evidence, the Auditors are unable to express an opinion on extent of non recoverability of these balances and their consequent impact, if any, on the Companys profit for the three months ended December 31, 2007.

J K Paper - Limited Review For The Quarter Ended Dec 31, 2007

J K Paper Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

In respect of certain investments Rs 5 Crore in a Company which has become a BIFR Company provision for diminution in value has not been made since in the opinion of the Board these investments are long term in nature and such diminution in value is temporary (amount unascertainable).

Sparsh BPO - Limited Review For The Quarter Ended Dec 31, 2007

Sparsh BPO Services Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

As stated in Note 1 to the Statement, the Company has not recognized the exchange fluctuation arising out of translation of foreign currency loan in accordance with the requirement of Accounting Standard (AS) 11 (Revised 2003) - The Effect of Changes in Foreign Exchange Rates which for the quarter amounts to a loss of Rs 5,402,867 and for the nine month period amounts to a gain of Rs 20,551,264 for the reasons stated therein. The financial results for the quarter / nine month period are over / under stated to that extent.

ISMT - Limited Review For The Quarter Ended Dec 31, 2007

ISMT Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Exchange difference gain in respect of outstanding foreign currency loans, arising at the end of the quarter, amounting to Rs 24.41 Crores, is proportionately recognised and remaining gain of Rs 6.10 Crores is carried over to the remaining quarter of the financial year, which is required to be recognised as per the Accounting Standard 11.

Aventis Pharma Announces Q4 & FY 07 Results

Aventis Pharma Ltd has announced the following results for the quarter & year ended December 31, 2007:

The Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net profit after tax of Rs 270 million for the quarter ended December 31, 2007 as compared to Rs 347 million for the quarter ended December 31, 2006. Total Income has decreased from Rs 2287 million for the quarter ended December 31, 2006 to Rs 2222 million for the quarter ended December 31, 2007.

The Audited results for the year ended December 31, 2007:

The Company has posted a net profit after tax of Rs 1444 million for the year ended December 31, 2007 as compared to Rs 1693 million for the year ended December 31, 2006. Total Income has increased from Rs 9311 million for the year ended December 31, 2006 to Rs 9475 million for the year ended December 31, 2007.

NDTV - Limited Review For The Quarter Ended Dec 31, 2007

New Delhi Television Ltd (NDTV) has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

The employee stock options granted to one of the directors during the quarter is subject to the approval by the shareholders. In the event the approval is not received, the grant of the stock options would stand cancelled and accordingly the cost of stock options charged for the quarter and the nine month period amounting to Rs 0.40 crores would be reversed. This would result in the Net Profit carried to the Reserves and Surplus for the quarter ended December 31, 2007 to be Rs 7.47 crores as against the reported figure of Rs 7.07 crores and for the nine months ended to be Rs 1.36 crores as against the reported figure of Rs 0.96 crores.

Greaves Cotton - Limited Review For The Quarter Ended Dec 31, 2007

Greaves Cotton Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

The accounts of the U.K. branch; have not been reviewed by the branch auditors. The turnover and net loss of the branch included in the unaudited financial statements aggregate to Rs 5.16 crores and Rs 0.32 crores respectively.

Gillette India - Limited Review For The Quarter Ended Dec 31, 2007

Gillette India Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

The Auditors draw attention to Note 2 of the Statement. Pursuant to the sanction given by the High Court of Rajasthan dated August 22, 2006 and December 04, 2006 to the Scheme of Arrangement filed under Section 391 of the Companies Act, 1956, for charging off of business restructuring expenses, gross of tax, to the capital reserve, the Company has been allowed to transfer an amount of upto Rs 8500 lakhs from the Capital Reserve to a Reconstruction Reserve Account. The balance in the Restructuring Reserve account as at September 30, 2007 was Rs 1977 lakhs. The total expenses charged to Reconstruction Reserve Account for the three months ended December 31, 2007 amounted to Rs 92 lakhs and for six months ended December 31, 2007 amounted to Rs 142 lakhs. Had the restructuring expenses not adjusted to Capital Reserve under the order of the High Court of Rajasthan and the restructuring expenses were debited to the Profit and Loss account as per generally accepted accounting principles, the net profit after tax (inclusive of the effect of deferred tax) would have been lower for the three months and six months ended December 31, 2007 by Rs 134 lakhs and Rs 237 lakhs respectively.

Garnet International - Limited Review For The Quarter Ended Dec 31, 2007

Garnet International Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

The Company has not taken into account the effect of the Accounting Standard 22 for Accounting for Taxes on income for the quarter ended December 31, 2007 which will be provided at the end of the financial year and the same has been disclosed in the Note No. 4 to the unaudited quarterly financial results declared by the Company.

Mafatlal Industries - Limited Review For The Quarter Ended Dec 31, 2007

Mafatlal Industries Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Note No 2 and 6, regarding certain relief and concession considered in the accounts, non - provision for diminution in the value of quoted and unquoted investments, non provision for overdue debts, loans and advances, non provision for impairment of capital work-in-progress, non accounting of rent / recovery of expenses and non-provision for certain interest.

Andhra Bank - Limited Review For The Quarter Ended Dec 31, 2007

Andhra Bank has informed that in the limited review report of the Bank for the quarter ended December 31, 2007, the Auditors of the Bank have made the following observations:

Effect of the non-provision of the liability for Employees Benefits in accordance with the Accounting Standard (AS - 15) (Revised 2005) issued by Institute of Chartered Accountants of India (as mentioned at Note 7) and its consequential impact on the profit, the reserves and the capital adequacy ratio which has not been ascertained..

Coromandel Fertilisers - Limited Review For The Quarter Ended Dec 31, 2007

Coromandel Fertilisers Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. Pending announcement of the final rates of subsidy by the Government of India for the quarter ended December 31, 2007, the Company has accrued subsidy income based on management estimates, which has resulted in subsidy income being lower by Rs 114.52 crores (as compared to the base rates). Such accrual is subject to adjustments on finalisation, the impact of which is presently not ascertainable.

SI Group India - Limited Review For The Quarter Ended Dec 31, 2007

SI Group India Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. As pointed out in the Auditors Report for the year ended March 31, 2007:

(i) The capitalisation of Rs 990 lakhs for the Butyl Phenol Plant (the Plant) was not in accordance with the generally accepted accounting principles in India and in terms of the Expert Advisory Opinion 39 - Volume X issued by The Institute of Chartered Accountants of India, Accounting Standard (AS) 10 on Accounting for Fixed Assets and AS 26 on Intangible Assets. Accordingly as at March 31, 2007, gross fixed assets had been overstated by Rs 820 lakhs depreciation charge had been overstated by Rs 42 lakhs. Consequently, the profit for the year had been understated by Rs 42 lakhs and reserves for the year ended March 31, 2007 had been overstated by Rs 767 lakhs. For the quarter and nine months ended December 31, 2007, depreciation charge is overstated by Rs 10 lakhs and Rs 30 lakhs respectively and consequently, the profit for the quarter and nine months is understated by Rs 10 lakhs and Rs 30 lakhs respectively; and

(ii) The Company has applied for approval to the authorities in respect of remuneration paid to the Managing Director which is in excess of the limits prescribed under The Companies Act, 1956. As at March 31, 2007, the remuneration paid in excess of the limits amounted to Rs 47 lakhs.

2. As more fully explained in note 1(iii) of the accompanying statement of un-audited financial results regarding insurance claim receivable amounting to Rs 449 lakhs, the Company has initiated arbitration proceedings. The Auditors are unable to assess adjustments, if any, which would be required on settlement of the claim with the insurance company.

Lifeline Drugs - Limited Review For The Quarter Ended Dec 31, 2007

Lifeline Drugs & Pharma Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

It is practice of the Company to provide for deferred taxation at the end of accounting year.

Orient Paper - Limited Review For The Quarter Ended Dec 31, 2007

Orient Paper & Industries Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. Non-ascertainment and provision of liabilities for the quarter in respect of the revised Accounting Standard 15 Employee Benefits.

2. Non provision for deferred tax for the quarter.

RTS Power - Limited Review For The Quarter Ended Dec 31, 2007

RTS Power Corporation Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Non-provision for current tax, deferred tax and fringe benefit tax, non-provision and non-ascertainment of staff benefits in terms of AS - 15 (revised) (amount not ascertained), and sales being reported net of excise to the tune of Rs 480.75 lacs

Spice Islands - Limited Review For The Quarter Ended Dec 31, 2007

Spice Islands Apparels Ltd has informed that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:

The Company has not provided for liability on account of gratuity for the quarter ended December 31, 2007, however the Auditors have been informed that gratuity will be provided on actuarial valuation at the end of the year.

The Company has not provided for impairment of fixed assets, if any, as per accounting standard 28 Impairment of Assets issued by Institute of Chartered Accountants of India in the financial results for quarter ended on December 31, 2007.

TCI Finance - Limited Review For The Quarter Ended Dec 31, 2007

TCI Finance Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

The Auditors invite attention to the residual fixed deposits of Rs 0.32 lakhs of the Company, matured and remaining unclaimed, being in excess of the limits stipulated in the Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998. The Company has deposited the unclaimed amount in an Escrow Account with a Nationalised Bank.

Nagpur Power - Limited Review For The Quarter Ended Dec 31, 2007

Nagpur Power & Industries Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Companys Ferro Alloys unit generated waste during the process of manufacture, which has accumulated over the years in and around the main plant at Khandelwal Nagar, Kanhan, Nagpur. The waste is reusable for extracting metal content therein. Company has set up a Metal Recovery plant for the purpose. During the period under report, the Company has accounted for stock of unextracted metal contents valuing Rs 1,29,50,000 out of this accumulated waste based on the valuation report of the Consultant Metallurgist obtained during this period. The technical consultants have advised the Company that the balance of this accumulated waste in terms of its quality; metal content and realizable value is yet being ascertained. Company has therefore not been in a position to account for stock of these balance accumulated Waste

Birla VXL - Limited Review For The Quarter Ended Dec 31, 2007

Birla VXL Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Attention is invited to :

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. the accounts have been drawn on going concern basis, despite negative net worth, 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.

3. Note no. 2 of accompanying statement of unaudited financial results, which states that the effect of revised Accounting Standard 15 Employees Benefit, and provision for current, if any, and differed taxes, will be determined and dealt with at the year end.

4. Balances of debtors, creditor, loans and advance, secured and unsecured loans are subject to confirmation and / or reconciliation, impact whereof is currently not ascertained.

IVP - Limited Review For The Quarter Ended Dec 31, 2007

IVP Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the auditors of the Company have made the following observations:

The matter referred in note 2 of the statement continue to be subject matter of qualification except as referred in note 2(ii). The relevant amounts referred in note 2 as at December 31, 2007 have not been determined by the management.

Chettinad Cement - Limited Review For The Quarter Ended Dec 31, 2007

Chettinad Cement Corporation Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

There is a change in accounting policy regarding non-inclusion of excise duty in net sales and the corresponding non disclosure of the expenditure viz., excise duty which is more than 10% of the total expenditure and non inclusion of excise duty on finished goods and non provision of excise duty liability on finished goods.

IOL Netcom - Limited Review For The Quarter Ended Dec 31, 2007

IOL Netcom Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Pursuant to the approval of scheme of amalgamation between IOL Netcom Ltd (Formerly known as IOL Broadband Ltd) and Exatt Technologies Pvt Ltd, the financial results of Exatt Technologies Pvt Ltd, which have been reviewed by A K Bhandari & Associates, have been included in the above unaudited financial results and relied thereon.

Non-recognition of Deferred Tax (Assets / Liabilities) as required by AS 22 Accounting for taxes on Income as stated in Note No 9.

Haryana Capfin - Limited Review For The Quarter Ended Dec 31, 2007

Haryana Capfin Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 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.

JK Agri Genetics - Limited Review For The Quarter Ended Dec 31, 2007

JK Agri Genetics Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Provision for taxation including deferred tax has not been made as stated in footnote to the accompanying financial statement (impact ascertained).

Alembic - Limited Review For The Quarter Ended Dec 31, 2007

Alembic Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

The Auditors without qualifying their limited review report, the Auditors further state that :

The Honble High Court of Gujarat has granted a sanction to the petition filed by the Company to debit all the Intangible Assets in the form of assets such as trademarks, copyright, designs, technology, know how, licenses, franchises, etc. aggregating to Rs 176.82 Crores to Profit & Loss Account for the year ending on March 31, 2008 and correspondingly transfer Rs 29.17 Crores from Share Premium Account and Rs 102.58 Crores from General Reserves (both net of tax effect of Rs 45.07 crores) to the Profit & Loss Account of the Company for the year ending on March 31, 2008. Pending completion of the remaining legal formalities, effect of the same will be given in the annual accounts of the Company for the year ending on March 31, 2008 and the Company has not amortized its Intangible assets during the period ended on December 31, 2007 and continues to carry the same at the cost or opening written down value.

Almondz Global - Limited Review For The Quarter Ended Dec 31, 2007

Almondz Global Securities Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. With effect from April 01, 2007, the Company has re-identified its segment. Consequent to the re-identification of the segment and in view of the Auditors limited scope of review, the Auditors are not in a apposition to state its financial impact on the unaudited results for the quarter ended December 31, 2007.

In view of such re-identification of segments, the segment results for the quarter ended December 31, 2007 are not comparable with corresponding figures for the quarter ended December 31, 2006, nine months ended December 31, 2006 and for the year ended March 31, 2007.

2. The figures of aggregate Non promoter shareholding and investors complaints, as disclosed in the results for the period have been relied on as per certificate of the Registrar.

3. Some of the expenses e.g. provision for employees retirements benefits, estimated income tax liability, deferred tax liability and depreciation has been appropriately considered on proportionate basis.

Somany Ceramics - Limited Review For The Quarter Ended Dec 31, 2007

Somany Ceramics Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. Attention is invited to :

(a) Note No. 2 of statement in regard to Non-provision for deferred tax liability (amount unascertained) as stated in said note.

(b) Note No. 3 of statement in regard to Non-provision for Employee Benefits as per AS - 15 (Revised)

Micro Inks Announces FY 07 Results

Micro Inks Ltd has announced the following Audited Results for the year ended December 31, 2007:

The Company has posted a net profit of Rs 681.20 million for the year ended December 31, 2007. Total Income is Rs 11526.60 million for the year ended December 31, 2007.

The Audited Consolidated Results are as follows:

The Group has posted a net profit of Rs 666.30 million for the year ended December 31, 2007. Total Income is Rs 15042.70 million for the year ended December 31, 2007.

During February 2007 the Company has invested an amount of USD 4.05 million equivalent to Rs 178.7 million in Micro Inks GmbH, Austria, a wholly owned subsidiary of the Company, which in turn has invested USD 4.0 million for acquisition of 100% equity and preferred stock of Hostmann-Steinberg Inc., USA from MHM Holding, GmbH, Germany the Holding Company of the Company effective January 01, 2007. Subsequently Hostmann-Steinberg Inc.. USA has been merged with Micro Inks Corporation, USA a wholly owned subsidiary of the Company effective February 01, 2007 and the name of Micro Inks Corporation, USA has been changed to Hostmann-Steinberg Inc., USA effective February 06, 2007. On account of the same, consolidated results are strictly not comparable with previous nine month period.

Pfizer - FY07 Results On Feb 25, 2008

Pfizer Ltd has informed that a meeting of the Board of Directors of the Company will be held on February 25, 2008, inter alia, to consider the Audited Statement of Accounts of the Company for the year ended November 30, 2007 and to recommend dividend thereon.

DCM - Limited Review For The Quarter Ended Dec 31, 2007

DCM Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. The Companys Scheme of Restructuring and Arrangement (SORA), sanctioned by the High Court of Delhi, provides that it is required to be implemented as a whole and in totality. The effect of the financial and business restructuring, as envisaged in the above Scheme, has already been considered in preparing the accounts by the Company during the previous years except for the sale of rights in the Companys land development project, which, as per SORA, is subject to certain definitive agreements. Although the Company has entered into the definitive agreements during the previous years, one of such agreements, viz., leasehold definitive agreement, has not become effective pending compliance with certain conditions contained therein and, therefore, the corresponding transaction has not been effected in the accounts. The management has confirmed to the auditors that the conditions contained in the leasehold definitive agreement would be complied with and would not result in to any adverse impact on the financials of the Company or on the successful implementation of the SORA.

2(a). Interest liability relating to certain borrowings is being accounted for on payment basis. Had such liability been accounted for on accrual basis, the loss for the three months and nine months ended December 31, 2007 would have been higher by Rs 1 lac and Rs 2 lacs respectively and the debit balance in profit and loss account would have been higher by Rs 132 lacs (Refer to note 4).

TAI Industries - Limited Review For The Quarter Ended Dec 31, 2007

TAI Industries Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. The Auditors wish to draw the attention to their following observations:

(a) Non ascertainment and non-provision of Deferred Tax Assets / Liabilities as at December 31, 2007.

(b) Value of closing stock is as certified by the management.

2. The Auditors further state that they are unable to offer any comment as to the adequacy of the provisions in respect of the damaged stock as indicated in note no. 2.

Hindustan Photo - Limited Review For The Quarter Ended Dec 31, 2007

Hindustan Photo Films Manufacturing Company Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. Note No: 1 on confirmation of winding up of the Company by BIFR and Rejection of appeal by AAIFR and the stay granted by the Madras High Court on the order of AAIFR is pending in the High Court.

2. Note No. 2 regarding Accounting Standard (AS)-l5 accounting for retirement benefits in the financial statement of employers a shortfall of gratuity provision amounting to Rs 264.70 lakhs based on actuarial valuation.

3. Note No. 3 on non-creation of Bond Redemption reserve equivalent to 50% of the amount of Bond issued before redemption commences due to continuing losses.

4. Note No.4 on non-obtaining of confirmation of balances in respect of unsecured loans in respect of Government of India, Sundry Debtors, Cash Credit / Loans / LCs from Banks and FIs., Loans and Advances and Current Liabilities. Hence the consequential effect, if any on the financial statement, on account of not obtaining confirmation of balances is not ascertainable.

5. Note No. 9 regarding the loss if any which may arise on the disposal of certain items of Fixed Assets which are identified as no longer required.

6. Note No. 11 due to partial computerization of accounts and compilation of accounts only in the year end. The quarterly financial results are prepared on the basis of available records. Due to this any changes / impact that may arise / have on the loss / profits of the Company is not ascertainable.

Rama Petrochemicals - Limited Review For The Quarter Ended Dec 31, 2007

Rama Petrochemicals Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. No provision for Deferred Tax Liability has been made as at the end of the period as the Company would provide the same as at the year end as stated in Note 2.

2. Pursuant to transitional provisions under Accounting Standard - 15 (Revised) on Employee Benefits issued by the Institute of Chartered Accountants of India, being mandatory from the current financial year, the adjustment on account of liability towards employee benefits upto March, 31 2007 will be dealt with the opening general reserve at the year end.

3. Non-provision for interest amounting to Rs 79.33 lacs on working capital loan.

4. Non-provision for interest amounting to Rs 5.19 lacs on unpaid custom duty.

5. The Auditors observations in the Audited Accounts for the year 2006-07 which also hold good for the period ended December 31, 2007 as stated at Note 9.

Woo Yang Electronics - Limited Review For The Quarter Ended Dec 31, 2007

Woo Yang Electronics India Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Not having updated fixed assets register, not having a whole time Company Secretary as required by Section 383A of the Companies Act, 1956 and non provision of gratuity and leave encashment as required by Accounting Standard 15 and non recognition of Accounting Standard 22 as there is substantial doubt regarding realization of deferred tax assets and not providing the value of the impaired assets as required by AS-28, disposal of entire fixed assets which raise doubts on its going concern status.

Ishwarshakti Holdings - Limited Review For The Quarter Ended Dec 31, 2007

Ishwarshakti Holdings & Traders Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 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 the accounting year.

Williamson Financial - Limited Review For The Quarter Ended Dec 31, 2007

Williamson Financial Services Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

As indicated in Note 1 on the financial statements, the year-end-provision of Rs 2,500 lacs in respect of gross diminution for the current period ended December 31, 2007, other than temporary, in the value of long term quoted investment of Rs 2546.72 lacs is considered prudent at this stage by the Management. However, the extent of diminution as could be permanent in this regard and resultant adequacy of provisions therefore is not currently ascertainable.

Sir Shadi Lal - Limited Review For The Quarter Ended Dec 31, 2007

Sir Shadi Lal Enterprises Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

The Company has decided that the effect of Accounting Standard - 15 (effective from April 01, 2007) on employees benefits, and Accounting Stanclard-22 on deferred taxation shall be considered in the Annual audited Accounts.

Remsons Industries - Limited Review For The Quarter Ended Dec 31, 2007

Remsons Industries Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Attention is invited to note no. 4 of the unaudited financial results for the aforesaid period, the Company has changed its policy of amortizing the expenses under VRS scheme from 36 months to a period of 31 months commencing from the month following the month of separation.

Had the aforesaid change not made the loss after tax for the aforesaid period would have been Rs 51.14 lacs as against reported loss of Rs 54.00 lacs.

OBC - Limited Review For The Quarter Ended Dec 31, 2007

Oriental Bank of Commerce (OBC) has informed that in the limited review report of the Bank for the quarter ended December 31, 2007, the Auditors of the Bank have made the following observations:

1(a). Provision for gratuity, pension, leave encashment and depreciation on fixed assets has been made on estimated basis.

1(b). Not readily realizable advances amounting to Rs 464.10 crores (net outstanding as on August 14, 2004) and Not Readily Realisable assets of Rs 41.21 crores (outstanding as on August 14, 2004) pertaining to erstwhile Global Trust Bank Ltd, have been included as part of assets of the Bank on the merger, which were otherwise required to be taken on collection basis as per the scheme of amalgamation.

2. Provision for Deferred Tax has not been ascertained for the period under review.

3. The impact, if any, on account of balancing of books, confirmation / reconciliation and clearance of outstanding entries in certain accounts is not accounted for as the same is not ascertainable.

Hindustan Zinc - Limited Review For The Quarter Ended Dec 31, 2007

Hindustan Zinc Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Contrary to the Accounting Standard - 26 Intangible Assets issued by the Institute of Chartered Accountants of India, the Company, effective from March 31, 2003, has re-classified its long term investment in shares of a power corporation for providing concessional power tariff as intangible asset and provided amortization thereon. For the nine months ended December 31, 2007, the Company has provided amortization aggregating Rs 3.51 crores (corresponding period in the previous year Rs 3.51 crores) with resulting decrease in profit before tax.

Khaitan Chemicals - Limited Review For The Quarter Ended Dec 31, 2007

Khaitan Chemicals & Fertilizers Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Non-provision of deferred tax, amount being not ascertained, leading to non-compliance with Accounting Standard (AS) 22 on Accounting for Taxes on Income.

NTPC - Limited Review For The Quarter Ended Dec 31, 2007

National Thermal Power Corporation Ltd (NTPC) has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

The Auditors draw attention to the following notes accompanying the un-audited financial results :

1. Note no 1(a) regarding recognition of sales on provisional basis amounting to Rs 76,944 million for the quarter and Rs 213,866 million for the nine months period ended December 31, 2007 in respect of stations for which final tariff orders issued by Central Electricity Regulatory Commission (CERC) are to be recomputed as per the directions of the Appellate Tribunal for Electricity (ATE) by CERC except for three stations / units for which sales of Rs 9,609 million for the quarter and Rs 25,376 million for the nine months period ended December 31, 2007 have been recognized based on the provisional tariff orders / principles enunciated by CERC.

2. Note no. 1(b) regarding recognition of sales on provisional basis in respect of one of the stations amounting to Rs 3,837 million for the quarter and Rs 10,136 million for the nine months period ended December 31, 2007 on the basis of principles enunciated under the Regulations, 2004 of CERC as against the billing of Rs 3,883 million for the quarter and Rs 10,273 million for the nine months period ended December 31, 2007 as per tariff order issued by CERC, prior to the takeover of the station by the Company.

3. Note no. 1(c) regarding recognition of sales on provisional basis amounting to Rs 2,604 million during the quarter and Rs 12,972 million for the nine months period ended December 31, 2007 pertaining to previous years in line with the principles enunciated in judgments passed by ATE/Orders issued by CERC.

Nachmo Knitex - Limited Review For The Quarter Ended Dec 31, 2007

Nachmo Knitex Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 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 70.12 lacs for the quarter and Rs 419.61 lacs aggregated upto December 31, 2007 on Secured Loans from Banks and Financial Institutions in terms of CDR package. Further, additional liability due to withdrawal of CDR package of Rs 2086.12 lacs in respect of term loans from IDBI and working capital facilities from BOB has not been provided. The additional liability due to withdrawal of CDR package in case of other lenders so unascertainable, hence not quantified. To that extent the account of loans and secured loans and understated.

Balances of some of the major sundry debtors are subject to confirmation and reconciliation. The ageing of debtors has deteriorated during the period relating doubts regarding recovery of the amounts, though management has informed that they are taking all kings of rigorous efforts. In view of this present provision of doubtful debts may not be adequate.

The accounts for the period have been prepared on going concern basis

LML - Limited Review For The Quarter Ended Dec 31, 2007

LML Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

1. Balances of some of the sundry debtors, creditors lenders and loans and advances being subject to confirmation / reconciliation and subsequent adjustments, if any. Provision for the same, if any, will be made upon completion of such review / reconciliation. As such the Auditors are unable to express any opinion as to the effect thereof on the accounts for the quarter under review.

2. In respect of non ascertainment of slow / non moving / obsolete items of inventory for which the Company will ascertain possible utilization / realization upon finalization of restructuring / revival plan. As such the Auditors are unable to express any pinion as to the effect thereof on the accounts for the quarter under review.

3. Accounts have been prepared on a going concern basis as Company is in the process of restructuring / reviving its business under the aegis of BIFR. The Company has become a Sick Industrial Company due to erosion of its entire net worth. The Companys ability to continue, as a going concern may be dependent upon successful restructuring of its business. In case the going concern concept is vitiated, necessary, adjustments will be required on the carrying amount of Assets and Liabilities which are not ascertainable.

4. The Company is in the process of determining the impairment loss, if any, on its assets including capital work in progress as required under Accounting Standard (AS)-28 impairment of Assets issued by The Institute of Chartered Accountants of India, which has become applicable to the Company from April 01, 2005. As the impairment loss, if any, in terms of AS-28 has not been determined, the Auditors are unable to express any opinion as to the effect thereof on the accounts for the quarter under review.

Hindustan Unilever Announces Q4 & FY 07 Results

Hindustan Unilever Ltd has announced the following Results for the quarter & year ended December 31, 2007:

The Unaudited results for the quarter ended December 31, 2007

The Company has posted a net profit of Rs 6314.40 million for the quarter ended December 31, 2007 where as the same was at Rs 5111.80 million for the quarter ended December 31, 2006. Total Income is Rs 38471.00 million for the quarter ended December 31, 2007 where as the same was at Rs 32630.50 million for the quarter ended December 31, 2006.

The Audited results for the year ended December 31, 2007

The Company has posted a net profit of Rs 19254.70 million for the year ended December 31, 2007 where as the same was at Rs 18553.70 million for the year ended December 31, 2006. Total Income is Rs 141804.30 million for the year ended December 31, 2007 where as the same was at Rs 124579.10 million for the year ended December 31, 2006.

The Audited Consolidated Results for the year ended December 31, 2007:

The Group has posted a net profit of Rs 19148.80 million for the year ended December 31, 2007 where as the same was at Rs 18905.30 million for the year ended December 31, 2006. Total Income is Rs 143665.40 million for the year ended December 31, 2007 where as the same was at Rs 128039.00 million for the year ended December 31, 2006.

The results for the quarter are not comparable to those of DQ06 to the extent of amalgamation of Modern Foods (India) Ltd and its subsidiary with the Company.

Bank Of Rajasthan - Limited Review For The Quarter Ended Dec 31, 2007

Bank of Rajasthan Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Other Income includes Rs 15 crores (Rs 9.90 crores net of tax) being amount realized from an insurance company which is not as per with AS-9, prescribed by ICAI, resulting in higher profits to that extent.

Bank Of Maharashtra - Limited Review For The Quarter Ended Dec 31, 2007

Bank of Maharashtra has informed that in the limited review report of the Bank for the quarter ended December 31, 2007, the Auditors of the Bank have made the following observations:

1. Effect on the accounts, of balancing in subsidiary ledgers in respect of certain accounts like deposits, advances, suspense, sundry suspense, clearing differences, other assets / liabilities etc. with General Ledger which is incomplete in a few branches / offices and inter branch accounts and inter branch transfer of fixed assets entries under reconciliation pending to be passed, is not ascertainable;

2. Capital adequacy ratio, as worked out by the Bank based on data compiled by them and earning per share are subject to the effect of observations in Para (a) above and

3. The Bank has made provision for employees benefit for half year ended December 31, 2007 on estimate basis. However effect, if any, of Revised Accounting Standard 15 issued by ICAI on retirement benefit of the employees is yet to be ascertained.

Technocraft Industries - Limited Review For The Quarter Ended Dec 31, 2007

Technocraft Industries India Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Implementation of Revised Accounting Standards - 15 which is applicable from the accounting period commencing on or after December 07, 2006 & The valuation of finished goods which has been made based on March 31, 2007 valuations.

IDBI - Limited Review For The Quarter Ended Dec 31, 2007

Industrial Development Bank of India Ltd (IDBI) has informed that in the limited review report of the Bank for the quarter ended December 31, 2007, the Auditors of the Bank have made the following observations:

Attention is invited to note no (ii) regarding impact of Accounting Standard 15 (revised)on Employee Benefits, which will be accounted for at the year end.

Central Bank Of India - Limited Review For The Quarter Ended Dec 31, 2007

Central Bank of India has informed that in the limited review report of the Bank for the quarter ended December 31, 2007, the Auditors of the Bank have made the following observations:

Provision for employee benefits has been made on estimated basis without considering AS 15 (Revised). The impact of the same on the Financial Statements has not been ascertained.

Maximaa Systems - Limited Review For The Quarter Ended Dec 31, 2007

Maximaa Systems Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Provision for Deferred taxation as required by AS 22 provision for taxation in view of huge carried forward losses, and AS 15 provision of employee benefits.

Orind Exports - Limited Review For The Quarter Ended Dec 31, 2007

Orind Exports Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

The Auditors have observed that provision for deferred tax and provision for employees benefits as required in accordance with Accounting Standard 22 and Accounting Standard 15 (Revised) respectively issued by the Institute of Chartered Accountants of India have not been determined and made in the accounts and adjustment for foreign exchange fluctuation, the effect of which is not likely to be material in the opinion of the management has not been carried out. The Auditors have been informed that such provision and adjustment shall be made at the year end.

Hatsun Agro - Limited Review For The Quarter Ended Dec 31, 2007

Hatsun Agro Product Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Income tax matters in respect of the Companys claim for deduction towards noncompete fee of Rs 40 million for the financial year ended March 31, 1996 (tax impact of such disallowance estimated by the management of Rs 15 million) is being contested by the Company and the matter is pending with the High Court of Judicature Madras. Pending a final resolution of the uncertainties in this connection, no provision towards tax and other consequential adjustment, if any, have been considered in the financial results. Audit report issued on the financial statements for the year ended March 31, 2007 and limited review report on the unaudited financial results for the three months ended December 31, 2006 was qualified accordingly.

Shristi Infrastructure - Limited Review For The Quarter Ended Dec 31, 2007

Shristi Infrastructure Development Corporation Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Provision if any required for Current Tax / Deferred Tax will be made in year end Accounts

Idea Cellular - Limited Review For The Quarter Ended Dec 31, 2007

Idea Cellular Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Attention is invited to note 4 of the statement. As detailed in the said note, pending the transfer of Telecom licenses of erstwhile Idea Mobile Communications Ltd, BTA Cellcom Ltd and Idea Telecommunications Ltd in the name of the Company, the Company has given effect to the scheme of Amalgamation w.e.f. April 01, 2006 the appointed date. Implications if any, in the event of non-transfer of the licenses are not ascertainable at this stage.

HDFC Bank - Limited Review For The Quarter Ended Dec 31, 2007

HDFC Bank Ltd has informed that in the limited review report of the Bank for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

The Auditors have relied on the review reports submitted by the Credit Risk Department to the Board of Directors in respect of non-performing assets.

Jyoti - Limited Review For The Quarter Ended Dec 31, 2007

Jyoti Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:
1. The Company follows the practice of determining provisions / write offs for doubtful and bad debts at the end of the financial year.
2. Inventories of WIP have been valued using estimated progress percentages and standard conversion costs as applied to quantities derived from material issues for the period less finished goods produced. Inventories of Finished Goods have been valued using estimated profitability percentages of the previous year as applied to sales price of finished inventories as of the period end. Physical verification of inventories has not been performed and therefore differences in quantities are not known. The effects of the foregoing estimates and bases in arriving at the closing inventories are not determined.
3. In terms of revised Accounting standard (AS 15) Employees benefit applicable w.e.f.April 01, 2007, the liabilities are being ascertained by the Company and the necessary adjustments will be done at the year end.
4. The Company has decided to give effect of provision for Income Tax / Deferred Tax Liabilities at the end of the year.

Amara Raja Batteries - Limited Review For The Quarter Ended Dec 31, 2007

Amara Raja Batteries Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:
Commission to Managerial personnel amounting to Rs 39.82 millions for the Quarter under review has been provided based on the profits for the said Quarter, in anticipation of adequate profits at the end of the financial year for payment of such commission.

State Bank Of Travancore - Limited Review For The Quarter Ended Dec 31, 2007

State Bank of Travancore has informed that in the limited review report of the Bank for the quarter ended December 31, 2007, the Auditors of the Bank have made the following observations:
Reference is invited to Sl. No 2 of Notes of the statement of Reviewed financial results relating to manner of recognition and the amount of provision in respect of Employee Benefits as required by Accounting Standard 15 (Revised 2005) issued by the Institute of Chartered Accountants of India. The effect of such provisioning is at present not ascertainable.

Allahabad Bank- Limited Review For The Quarter Ended Dec 31, 2007

Allahabad Bank has informed that in the limited review report of the Bank for the quarter ended December 31, 2007, the Auditors of the Bank 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.

Indian Bank - Limited Review For The Quarter Ended Dec 31, 2007

Indian Bank has informed that in the limited review report of the Bank for the quarter ended December 31, 2007, the Auditors of the Bank have made the following observations:
The Bank has not recognized the deferred tax during the quarter in accordance with AS 22 - Accounting for Taxes on Income issued by ICAI, for the reasons stated in their Note No 6, forming part of the Review Report. The impact of the same in the financials is unascertainable.

Gujarat Gas - FY 07 Results On Feb 20, 2008

Gujarat Gas Company Ltd has informed that a meeting of the Board of Directors of the Company will be held on February 20, 2008, to consider the audited financial results of the Company for the calendar year 2007 and for the recommendation of dividend.

Mac Charles (India) Reports 32.32 Pc Fall In Net Profit

Net profit of Mac Charles (India) declined 32.32% to Rs 9.59 crore in the quarter ended December 2007 as against Rs 14.17 crore during the previous quarter ended December 2006. Sales declined 25.83% to Rs 19.81 crore in the quarter ended December 2007 as against Rs 26.71 crore during the previous quarter ended December 2006.

Simplex Infra Q3 Net At Rs 22 Cr

Simplex Infrastructures Ltd has reported a 58 per cent growth in Q3 turnover to Rs 704 crore from Rs 446 crore same quarter last year. As compared to the Q2FY08, the turnover jumped 23 per cent. The company registered a healthy increase in Profit After Tax (PAT) to Rs 22 crore as against Rs 17 crore in the previous corresponding quarter.

Cumulative turnover for nine months till December 2007 is up 60 per cent to Rs 1,863 crore from Rs 1,166 crore. The EBITDA has jumped 74 per cent to Rs 201 crore from Rs 116 crore on the back of the margins improvement to 10.8 per cent from 9.9 per cent. The PAT has grown 70 per cent to Rs.61 crore from Rs.36 crore. The order book as on January 28, 2008 stands at Rs 8,900 crore including the new orders received during January 2008 and the unexecuted orders as of December 2007.

Great Eastern Shipping Company Witnesses 77.01% Growth In Net Profit

Net profit of Great Eastern Shipping Company rose 77.01% to Rs 293.57 crore in the quarter ended December 2007 as against Rs 165.85 crore during the previous quarter ended December 2006. Sales rose 23.14% to Rs 604.29 crore in the quarter ended December 2007 as against Rs 490.75 crore during the previous quarter ended December 2006.

SKF India - FY 07 Results On Feb 20, 2008

SKF India Ltd has informed that a meeting of the Board of Directors of the Company will be held on February 20, 2008, inter alia, to consider, the Audited Financial Results for the year ended December 31, 2007 and recommendation of dividend, if any, for the year ended December 31, 2007.

Abbott India - FY 07 Results On Feb 14, 2008

Abbott India Ltd has informed that a meeting of the Board of Directors of the Company will be held on February 14, 2008, inter alia, to consider the following:

1. To consider and approve the text of the audited Financial Results for the year ended November 30, 2007.

2. To consider and approve the audited Financial Accounts for the year ended November 30, 2007.

3. To recommend dividend for the year ended November 30, 2007.

Mahan Industries Reports Rs 0.15 Cr Net Loss

Mahan Industries reported net loss of Rs 0.15 crore in the quarter ended December 2007 as against net loss of Rs 1.41 crore during the previous quarter ended December 2006. There were no sales reported in the quarter ended December 2007 quarter and also during the previous quarter ended December 2006.

Diana Tea - FY 07 Results By Mar 31, 2008

Diana Tea Company Ltd has informed that the Audited results for the year ended December 31, 2007 would be approved by the Board of Directors in their duly convened Board meeting within three months i.e. by March 31, 2008.

Indowind Energy Reports Net Profit Of Rs 1.38 Crore In The December 2007 Quarter

Indowind Energy reported net profit of Rs 1.38 crore in the quarter ended December 2007 as against net loss of Rs 1.87 crore during the previous quarter ended December 2006. Sales rose 283.69% to Rs 5.41 crore in the quarter ended December 2007 as against Rs 1.41 crore during the previous quarter ended December 2006.

Energy Development Company Net Profit Rises 9.11% In The December 2007 Quarter

Net profit of Energy Development Company rose 9.11% to Rs 4.19 crore in the quarter ended December 2007 as against Rs 3.84 crore during the previous quarter ended December 2006. Sales declined 35.96% to Rs 15.67 crore in the quarter ended December 2007 as against Rs 24.47 crore during the previous quarter ended December 2006.

Trishakti Electronics And Industries Reports Net Profit Of Rs 3.58 Crore In The Dec 07 Quarter

Trishakti Electronics and Industries reported net profit of Rs 3.58 crore in the quarter ended December 2007 as against net loss of Rs 0.46 crore during the previous quarter ended December 2006. Sales rose 110.17% to Rs 1.24 crore in the quarter ended December 2007 as against Rs 0.59 crore during the previous quarter ended December 2006.

Suave Hotels Reports 67.86% Growth In Net Profit

Net profit of Suave Hotels rose 67.86% to Rs 0.94 crore in the quarter ended December 2007 as against Rs 0.56 crore during the previous quarter ended December 2006. Sales rose 100.00% to Rs 5.42 crore in the quarter ended December 2007 as against Rs 2.71 crore during the previous quarter ended December 2006.

Zydus Cadila Reports Rs 50.6cr In Q3

Mumbai: Ahmedabad based Zydus Cadila registered a net profit of Rs 50.6 crore for the third quarter ended 31st December 2007, 8.4 per cent higher than the Rs 46.7 crore reported in the corresponding previous quarter, mainly powered by growth in its formulation and US business. The company recorded a total income of Rs 579.6 crore for the period, increase by 22.7 per cent from Rs 472.4 crore in the corresponding period last year, on a consolidated basis.

Hindustan Unilever - FY 07 results on Feb 13, 2008

Hindustan Unilever Ltd has informed that a meeting of the Board of Directors of the Company will be held on February 13, 2008, inter alia, to consider, the Audited Annual Accounts for the year ended December 31, 2007 and to recommend final dividend, if any, on equity shares for the financial year 2007.

Goodyear India - FY 07 results by Mar 31, 2008

Goodyear India Ltd has informed that the auditing of Accounts of the Company for the year ended December 31, 2007 has been started. Therefore, the Company intend to publish the audited results for the year ended December 31, 2007 within a period of 3 months fro the close of the year.

The Company, therefore, not be furnishing the unaudited results for the last quarter ended December 31, 2007.

Micro Inks - FY 07 results on Feb 16, 2008

Micro Inks Ltd has informed that a meeting of the Board of Directors of the Company will be held on February 16, 2008, for consideration of:

1. Audited financial results of the Company for the year ended December 31, 2007 together with unaudited financial results for the forth quarter ended on the said date.

2. To Consider recommendation of dividend on equity shares for the said period.

Ambuja Cements Announces FY 07 Results

Ambuja Cements Ltd has announced the following Audited results for the year ended December 31, 2007:

The Company has posted a net profit of Rs 17691.00 million for the year ended December 31, 2007 as compared to Rs 13400.70 million for the year ended December 31, 2006. Total Income has increased from Rs 49484.60 million for the year ended December 31, 2006 to Rs 58983.70 million for the year ended December 31, 2007.

The Consolidated results are as follows:

The Group has posted a net profit of Rs 18461.10 million for the year ended December 31, 2007 as compared to Rs 14351.80 million for the year ended December 31, 2006. Total Income has increased from Rs 51431.20 million for the year ended December 31, 2006 to Rs 60648.50 million for the year ended December 31, 2007.

The figures for the year ended December 31, 2006 are Unaudited.

Colgate Palmolive Announces Q3 Results

Colgate Palmolive India Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 604.70 million for the quarter ended December 31, 2007 as compared to Rs 503.40 million for the quarter ended December 31, 2006. Total Revenue has increased from Rs 3389.40 million for the quarter ended December 31, 2006 to Rs 3903.30 million for the quarter ended December 31, 2007.

Gail India Announces Q3 Results

Gail India Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 6213.20 million for the quarter ended December 31, 2007 as compared to Rs 6654.60 million for the quarter ended December 31, 2006. Total Income has decreased from Rs 45630.00 million for the quarter ended December 31, 2006 to Rs 44831.50 million for the quarter ended December 31, 2007.

Alok Industries Announces Q3 Results

Alok Industries Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a profit after tax of Rs 488.00 million for the quarter ended December 31, 2007 as compared to Rs 370.60 million for the quarter ended December 31, 2006. Total Income has increased from Rs 4831.50 million for the quarter ended December 31, 2006 to Rs 5596.50 million for the quarter ended December 31, 2007.

Moser Baer Announces Q3 Results

Moser Baer India Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net loss of Rs 204.50 million for the quarter ended December 31, 2007 as compared to net profit of Rs 376.24 million for the quarter ended December 31, 2006. Total Income has increased from Rs 5150.25 million for the quarter ended December 31, 2006 to Rs 5348.58 million for the quarter ended December 31, 2007.

Escorts Announces Q3 Results

Escorts Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a loss after tax of Rs 59.30 million for the quarter ended December 31, 2007 as compared to loss of Rs 30.40 million for the quarter ended December 31, 2006. Total Income has decreased from Rs 5178.20 million for the quarter ended December 31, 2006 to Rs 4319.80 million for the quarter ended December 31, 2007.

Ramco Systems Announces Q3 Results

Ramco Systems Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 285.482 million for the quarter ended December 31, 2007 as compared to net loss of Rs 38.677 million for the quarter ended December 31, 2006. Total Income has increased from Rs 196.717 million for the quarter ended December 31, 2006 to Rs 264.221 million for the quarter ended December 31, 2007.

The Consolidated Results (under AS 21) are as follows:

The Group has posted a net profit of Rs 176.766 million (USD 4.37 million) for the quarter ended December 31, 2007 as compared to net loss of Rs 121.195 million (USD 2.67 million) for the quarter ended December 31, 2006. Total Income has increased from Rs 463.257 million (USD 10.31 million) for the quarter ended December 31, 2006 to Rs 473.121 million (USD 12.07 million) for the quarter ended December 31, 2007.

Rolta India Announces Q2 Results

Rolta India Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 680.24 million for the quarter ended December 31, 2007 as compared to Rs 425.03 million for the quarter ended December 31, 2006. Total Income has increased from Rs 1467.30 million for the quarter ended December 31, 2006 to Rs 2222.24 million for the quarter ended December 31, 2007.

The Consolidated results are as follows:

The Group has posted a net profit after minority interest of Rs 602.18 million for the quarter ended December 31, 2007 as compared to Rs 409.39 million for the quarter ended December 31, 2006. Total Income has increased from Rs 1704.11 million for the quarter ended December 31, 2006 to Rs 2519.45 million for the quarter ended December 31, 2007.