SUMEDHA FISCAL SERVICES LIMITED

Regd. Office : 8B, Middleton Street, 6A Geetanjali, Kolkata -700 071

Web site: www.sumedhafiscal.com       E-mail: kolkata@sumedhafiscal.com

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED ON 31.03.2002

(Rs. in Lacs)
   

Figures for the 9 months ended on 31/12/2001

Figures for the last quarter ended on 31/03/2002

Figures for the corresponding quarter of the previous year ended on 31/03/2001

Audited figures for the current year ended on 31/03/2002

Audited figures for the previous year ended on 31/03/2001

1

 Net Sales/Income from Operations

154.27

40.97

138.64

195.24

354.79

2

 Other Income

2.86

3.16

41.83

6.02

45.98

3

 Total Expenditure

113.14

38.08

183.43

151.22

321.96
a. Staff Cost

30.40

3.19

8.71

33.59

36.46
b. Other Expenditure

82.74

34.89

174.72

117.63

285.50

4

 Interest

1.85

3.32

2.31

5.17

8.40

5

 Depreciation

17.69

1.74

4.94

19.43

25.50

6

 Profit(+)/Loss(-) before provision for Non Performing Assets and Tax (1+2-3-4-5)

(+) 24.45

(+) 0.99

(-) 10.21

(+) 25.44

(+) 44.91

7

 Provision for Non Performing Assets

-

(0.20)

10.30

(0.20)

10.30

8

 Provision for Current Taxation

-

8.30

-

8.30

-

9

 Provision for deferred Taxation

-

3.73

-

3.73

-

10

 Net Profit(+)/Loss(-) (6-7-8-9)

(+) 24.45

(-) 10.84

(-) 20.51

(+) 13.61

(+) 34.61

11

 Paid-up Equity Share Capital (Face Value – Rs. 10/- per Share)

664.29

664.29

664.29

664.29

664.29

12

 Reserves excluding Revaluation Reserve

-

-

-

23.23

54.04

13

 Earning per Share (Rs.)

0.37

-

-

0.22

0.52

14

 Aggregate of Non-Promoter Shareholding :  
  (a) Number of Shares

3128330

3135630

3147630

3135630

3147630
  (b) Percentage of Shareholding

47.09%

47.20%

47.38%

47.20%

47.38%

 

Reporting of Segment wise Revenue, Results and Capital Employed, under Clause 41

of the Listing Agreement for the Financial year and Quarter ended on 31.03.2002.

(Rs. in lacs)
  

3 months ended 31.03.2002

Year ended on 31.03.2002
  

(1)

(2)
1.

Segment Revenue (net sale/income from each segment should be disclosed under this head)

     
  a) Capital Market Operation

8.84

36.29
  b) Consultancy

33.09

159.85
  c) Others

2.20

5.13
  Total

44.13

201.27
  Less: Inter segment revenue

-

-
  Net Sales/Income from operations

44.13

201.27
       
2 . Segment Results (Profit/(+)/Loss(-) before tax and interest from each segment)    
  a) Capital Market Operation

0.21

(28.07)
  b) Consultancy

3.85

70.14
  c) Others

0.25

(11.26)
  Total

(+) 4.31

(+) 30.81
  Less: i. Interest

3.32

5.17
  Total Profit Before Tax

(+) 0.99

(+) 25.64
         
3.

Capital Employed

(Segment assets - Segment liabilities)

(Based on Estimates in terms of available data)

      
  a) Capital Market Operation

496.24

496.24
  b) Consultancy

336.28

336.28
  c) Others

19.61

19.61
   Total

852.13

852.13

NOTE :

1.

The above Audited Financial Results were taken on record by the Board of Directors at their Meeting held on 22nd June, 2002.
2.

The Company has adopted Accounting Standard-22 (AS-22) "Accounting for Taxes" on Income issued by the Institute of Chartered Accountants of India made mandatory with effect from accounting period commencing from 1st April, 2001. Accordingly the accumulated deferred tax liability amounting to Rs. 48,88,069/- as on 1st April, 2001 has been ascertained and adjusted with General Reserve and credit balance in Profit and Loss Account.
3.

Registration Certificate to act as a Non-Banking Financial Company has been surrendered to Reserve Bank of India pursuant to the amended provisions of the Securities Exchange Board of India (Merchant Bankers) Regulation, 1992, as required by SEBI.
4.

Provision for current and deferred taxation as appearing in quarter ended on 31st March, 2002 relates to entire year's operation.
5. Previous year’s figures have been regrouped, wherever necessary.

Place : Kolkata

Date : 22.06.2002

For and on behalf of the Board

 

Bijay Murmuria

Director