S. B. & T. International Limited  
  Regd. Office : G3, Gems & Jewellery Complex-I, SEEPZ-SEZ, Andheri (East), Mumbai 400 096.  (India)  
   
   
  AUDITED FINANCIAL RESULTS FOR
  THE YEAR ENDED 31ST MARCH, 2004. (CONSOLIDATED)
        (Rs. in lacs)
         
    Particulars  Nine  Three   Three   Year   Year 
  Sr.  months  months  months  ended  ended
  No.  ended  ended  ended  31.03.2004  31.03.2003
     31.12.2003  31.03.2004  31.03.2003  (Audited)  (Audited)
       
  1 Net Sales / Income from Operation     12,641.68       4,424.61       2,566.05     17,066.29     15,026.63
  2 Other Income             14.64             71.82               6.27             86.46          110.11
    Total Income (1+2)     12,656.32       4,496.43       2,572.32     17,152.75     15,136.74
  3 Total Expenditure  
    ( a ) Cost of Sales     10,277.31       3,892.02       1,980.18     14,169.34     12,139.17
    ( b ) Staff Cost           417.95          116.09          139.07          534.05          517.18
    ( c ) Other expenditure           912.71          340.61          173.38       1,253.32          889.48
    Total Expenditure     11,607.97       4,348.72       2,292.63     15,956.71     13,545.83
  4 Interest           127.67             21.07             70.68          148.75          391.96
  5 Depreciation             63.54             33.87             20.40             97.41             78.41
  6 Loss on Sale of Capital Asset                0.04               0.58               2.41               0.62               2.41
  7 Loss of UK Subsidiary         (158.86)         (144.69)                    -           (303.55)                    -  
  8 Profit(+)/Loss(-) before tax(1+2-3-4-5-6-7)        1,015.96          236.88          186.20       1,252.81       1,118.13
  9 Provision for Taxation  
    -  Current                1.00             (0.73)           (20.48)               0.27               4.58
    -  Deferred              (4.17)               1.19               1.36             (2.98)               1.36
  10 Net Profit for the Period(8-9)        1,019.13          236.42          205.32       1,255.52       1,112.19
  11 Prorata Share in UK Subsidiary             95.31          178.48                    -            273.80                    -  
  12 Share of  profit / loss(-) in Associates                    -                 0.80                    -                 0.80               6.72
  13 Less: Tax paid for earlier year                    -                      -                 1.00                    -                 1.00
  14 Net Profit for the Period(10-11+12-13)           923.82             58.74          204.32          982.52       1,117.91
  15 Less: Exceptional & Extra ordinary items                    -            142.44          468.88          142.44          468.88
  16 Net Profit (13-14)           923.82           (83.70)         (264.56)          840.08          649.03
  17 Paid up Equity Share Capital(Face Value Rs.10/-)        1,350.00       1,350.00       1,350.00       1,350.00       1,350.00
  18 Reserves excluding revaluation reserves         7,110.41       6,468.30
  19 -  Basic Earning per Share (not annualised)                6.84             (0.62)             (1.96)               6.22               4.61
    -  Diluted Earning per Share  (not annualised)                6.84             (0.62)             (1.96)               6.22               4.61
  20 Aggregate of Non-Promoter Shareholding  
    - Number of shares                    -                      -                      -               85.31             88.91
    - Percentage of Shareholding                    -                      -                      -               63.19             65.86
       
 
The above results were reviewed by the Audit Committee at the meeting held on 12th August, 2004 and were taken on record at the meeting of the Board of Directors held on 12th August, 2004.
   
 
The Directors have recommended dividend @13% on the Equity Shares of the Company.  
 
Figures of  the previous periods have been rearranged/regrouped wherever necessary.
 
The Fixed Assets & Expenditure used for the business, or liability committed for, are not identifiable,  to one particular segment as these are used interchangeably between segments.  Hence, the relevant data on segment capital employed & expenses have not been quantified.
   
   
 
Exceptional and extra ordinary item written off constitute import licence of Rs. 113.66 lacs  which has been discontinued by the Government of India and stock of raw materials and other items as per the policy adopted by the Company.
   
    Consolidated Profit would have been higher at Rs.1255.52 Lacs but for loss of SB&T (UK) Ltd. Rs.303.55 Lacs (Including pre-operative expenses) .
   
     
  AUDITED SEGMENT REPORT FOR THE YEAR ENDED 31ST MARCH, 2004.
  PURSUANT TO CLAUSE 41 OF THE LISTING AGREEMENT
    Particulars  Nine  Three   Three   Year   Year 
     months  months  months  ended  ended
     ended  ended  ended  31.03.2004  31.03.2003
     31.12.2003  31.03.2004  31.03.2003  (Audited)  (Audited)
       
    Net Sales / Income from Operation     12,641.68       4,424.61       2,566.05     17,066.29     15,026.63
    Sales to USA        7,179.28       2,024.51       1,501.87       9,203.79       9,285.65
    Sales to Countries other than USA        5,462.40       2,400.10       1,064.18       7,862.50       5,740.98
       
          For and on behalf of the Board
           
          Sd/-  
    Place: Mumbai     Varij  Sethi  
    Date : 12th August, 2004.     ( Managing Director )  
           
     
 
 
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