Quarter Ended June 2005 
NATIONAL ENGINEERING INDUSTRIES LTD.
REGD. OFFICE: 9/1 R. N. MUKHERJEE ROAD. KOLKATA - 700001
UNAUDITED FINANCIAL RESULTS ( PROVISIONAL ) FOR THE YEAR ENDED 30.06.05

( Rs in Lacs )
 

QTR ENDED

 YEAR ENDED
  30.06.05 30.06.04 31.03.05
DESCRIPTION Reviewed Reviewed Audited
1. SALES / INCOME FROM OPERATIONS 8505.83 7340.33 33990.37
2. OTHER INCOME 87.61 42.24 257.53
  8593.44 7382.57 34247.90
3. TOTAL EXPENDITURE      
a) Increase ( - ) /Decrease(+) in stock in trade -1015.18 -3.69 62.91
b) Consumption of raw material 3838.57 2766.58 13661.62
c) Employee cost 1196.37 1095.32 4386.31
d) Other expenditure 2461.64 2059.69 9257.89
  6481.40 5917.90 27368.73
       
4. PROFIT BEFORE INTT,DEP,EXCEP,PRIOR PERIOD ITEMS & TAX 2112.04 1464.67 6879.17
5. INTEREST 373.38 427.35 1650.10
6. DEPRECIATION 389.47 378.01 1713.86
7. PROFIT BEFORE EXCEPTIONAL & PRIOR PERIOD ITEMS AND TAX 1349.19 659.31 3515.21
8. EXCEPTIONAL & PRIOR PERIOD ITEMS      
a) PROVISION FOR LEAVE & GRATUITY LIABILITY FOR EARLIER YEARS - - 1309.78
b) EXPENDITURE ON ERS/VRS 69.50 300.50 1149.22
9. PROFIT BEFORE TAX 1279.69 358.81 1056.21
10. PROVISION FOR TAXATION      
- CURRENT TAX -455.00 -221.00 -1422.00
- DEFERRED TAX CHARGE ( - ) / CREDIT ( + ) 21.26 88.85 1040.58
- FRINGE BENEFITS TAX -16.00 - -
11. NET PROFIT ( + ) / LOSS ( - ) 829.95 226.66 674.79
12. PAID UP EQUITY SHARE CAPITAL 80.00 80.00 80.00
( Face value of each share Rs. 10 each )      
13. RESERVE EXCL. REVALUATION RESERVE - - 9056.60
14. BASIC EPS FOR THE PERIOD(NOT ANNUALISED) 103.74 28.33 84.35
15. Aggregate of non-promoter's share holding      
Number of shares 131146 131146 131146
% of shareholding 16.39 16.39 16.39
 
NATIONAL ENGINEERING INDUSTRIES LTD.
REGD. OFFICE: 9/1 R. N. MUKHERJEE ROAD. KOLKATA - 700001
UNAUDITED FINANCIAL RESULTS ( PROVISIONAL ) FOR THE YEAR ENDED 30.06.05
    QTR ENDED YEAR ENDED
  SEGMENTWISE REVENUE,RESULTS 30.06.05 30.06.04 31.03.05
  AND CAPITAL EMPLOYED Reviewed Reviewed Audited
         
1. Segment Revenue      
  a) Bearing Division 8192.13 7146.14 32927.84
  b) Technical & Consultancy services 83.10 41.21 261.42
  c) Agency Services 53.37 25.14 190.30
  d) Rubber Products & Others 237.25 170.08 787.21
  Total Net Sales/Income from      
  Operations 8565.85 7382.57 34166.77
  Less : Inter segment revenue - - -
  Net sale/income from operations 8565.85 7382.57 34166.77
2. Segment Results      
  ( from each segment)      
  a) Bearing Division 1620.56 1092.09 3425.78
  b) Technical & Consultancy services -6.27 -53.24 -117.14
  c) Agency Services 53.02 24.82 187.23
  d) Rubber Products & Others 19.08 10.17 -8.97
  Segmentwise profit before interest & tax 1686.39 1073.84 3486.90
  Less : i. Interest 373.38 427.35 1650.10
  ii. Other un-allocable expenditure      
  net off un-allocable income. 33.32 287.68 780.59
  Total Profit before Tax 1279.69 358.81 1056.21
3. Capital Employed      
  (Segment Assets-Segment Liabilities)      
  a) Bearing Division 18278.79 16456.99 17039.59
  b) Technical & Consultancy services 906.91 932.23 985.81
  c) Agency Services 79.15 21.74 45.93
  d) Rubber Products & Others 309.10 358.21 296.66
  Total 19573.95 17769.17 18367.99
Notes:
  1. The Company has invested Rs. 693.00 lacs in the share capital and given a loan of Rs. 1399.81 lacs to an unlisted company where accumulated losses exceed its paid up capital. However, having regard to the long-term and strategic involvement of the Company in this company, no provision is considered necessary on this account.
  2. During the Quarter ended Jun.05, the Company has accounted for the liability for leave encashment and gratuity on the basis of actuarial valuation, which in the quarter ended Jun.04 was provided on cash basis and was referred to by the Auditors of the Company in their report for the year ended March 31, 2004.Since the figures of liability for leave encashment and gratuity for the relevant previous period are not available, the results for the quarter ended Jun.04 have not been restated.
  3. The Company did not have any unresolved investor complaints as at the beginning/end of the quarter. During the quarter, the Company has not received any complaints.
  4. Figures have been regrouped / rearranged wherever necessary.
  5. The above results for the three months ended June 30,2005, which have been subjected to a ' Limited Review ' by auditors of the company and taken on record by the Board of Directors of the Company at the meeting held on 26th July 2005.

Place: New Delhi
By order of the Board
Date: 26.07.05

 

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