UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st DECEMBER 2007.
	Financial Position | Summary of Operations | Balance Sheet | Profit & Loss

(Rupees In Lacks) 

Quarter Ended

Nine Months Ended

Year Ended (Audited)

     31.12.2007

     31.12.2006

      31.12.2007

    31.12.2006

    31.03.2007

1 

Net Sales/Income from Operations 

6,693

4,321

14,870

15,738

20,024

2 

Other Income 

8

4

33

169

216

3

Total Income 

6,701

4,325

14,903

15,907

20,240

4

Expenditure

a) (Increase)/ Decrease in stock in trade 

(49)

(294)

(874)

742

643

b) Consumption of Raw Material 

1,251

1,554

4,783

3,818

5,368

c) Purchase of traded goods

2,822

413

3,171

4,602

4,772

d) Consumption of Stores, chemicals etc. 

264

341

963

922

1,224

e) Consumption of Fuel, Power & Water 

785

751

2,063

1,980

2,692

f) Employee Cost 

338

307

948

774

1,060

g) Excise Duty

343

373

1,095

871

1,183

h) Depreciation

245

233

713

653

886

i) Other Expenditure

414

376

1,294

987

1,429

j) Total 

6,413

4,054

14,156

15,349

19,257

5 

Interest & Financial charges 

106

96

315

194

333

6 

Profit from Ordinary Activities before tax

182

175

432

364

650

7 

Tax expenses 

- Current Tax

46

22

127

44

76

- Deferred Tax Expenses /(Savings)

10

39

17

83

140

8

Profit from Ordinary Activities after tax

126

114

288

237

434

9 

Extraordinary Item

9

9

28

28

37

10 

Net Profit for the period 

117

105

260

209

397

11 

Paid-up Equity Share Capital (Face value Rs.10/- per share) 

820

820

820

820

820

12 

Reserves (Excluding Revaluation Reserves) 

-

-

-

-

9,590

13

Basic / Diluted EPS for the Period (Rs) (Before Extra Ordinary items)

1.53/1.22

1.39/1.11

3.51/2.80

2.89/2.33

5.30/4.22

14 

Basic / Diluted EPS for the Period (Rs) (After Extra Ordinary items)

1.42/1.13

1.28/1.02

3.17/2.54

2.55/2.06

4.85/3.87

15 

Aggregate of non-promoter shareholding

a) Number of shares 

3,618,503

3,618,503

3,618,503

3,618,503

3,618,503

b) Percentage of share holding

44.13%

44.13%

44.13%

44.13%

44.13%

Segmentwise Revenue, Results and Capital Employed.

1 

Segment Revenue 

a) Paper 

3,733

3,821

11,547

10,977

14,923

b) Trading in commodities

2,960

500

3,323

4,761

5,101

      Total

6,693

4,321

14,870

15,738

20,024

2 

Segment Results-Profit /(Loss) before tax and interest 

a) Paper

242

293

678

406

827

b) Trading in commodities

52

21

78

154

183

Total

294

314

756

560

1,010

Less: 

(i) Interest

152

139

449

318

510

(ii) All Other unallocable expenditure (Net of unallocable income).

(31)

9

(97)

(94)

(113)

Profit before tax (After Extra Ordinary item)

173

166

404

336

613

3 

Capital Employed 

a) Paper

17,334

16,877

17,334

16,877

16,636

b) Trading in commodities

1,806

1,514

1,806

1,514

1,604

      Total

19,140

18,391

19,140

18,391

18,240

Notes: -

1	Extra ordinary items relate to termination benefits paid to the employees, to the extent written off.
2	The auditors have carried out limited review of the results for the quarter and nine months ended 31^st December 2007.
3	Investors complaints during the quarter (Nos.): - Opening Balance-Nil, Received 12, Disposed off 12,Closing balance-Nil.
4	The figures for previous period have been recast and regrouped wherever necessary to conform to current period's presentations.