S. B. & T. International Limited
Regd. Office : 138, Shreeji Chambers, 1st Floor, Tata Road No. 2, Opera House, Mumbai - 400 004 (India)
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE SECOND QUARTER ENDED 30TH SEPTEMBER, 2008 (CONSOLIDATED)
(Rs. in lacs)
  Particulars  Three   Corresponding   Year to date   Year to date   Year  
Sr.  months   Quarter   figures for current   figures forPrevious   ended 
No.  ended   ended    Period ended    Period ended   31.03.2008 
   30.09.2008   30.09.2007   30.09.2008   30.09.2007   
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Audited) 
       
1 Net Sales / Income from Operation                      6,056.75                   11,026.87                      21,872.39
2 Other Income                            41.36                           59.90                           289.75
3 Total Income (1+2)                      6,098.10                     11,086.76                      22,162.14
4 Expenditure        
  (a) (Increase) / Decrease in Stock-in-trade & WIP                          992.76                     1,211.22                                     -  
  (b) Consumption of raw materials                       4,273.95                     8,238.51                      17,356.62
  (c) Purchase of traded goods        
  (d) Employees Cost                          255.68                        467.38                           843.32
  (e) Depreciation                            80.93                        146.76                           481.16
  (f) Foreign Exchange Loss ( Net off of forex gain/loss)        
  (g) Other expenditure                          196.18                        423.25                        2,117.16
  (h) Total                      5,799.51                     10,487.13                      20,798.26
5 Interest                          186.03                        350.93                           627.76
6 Profit(+) / Loss (-) from Ordinary Activities before Tax (3) -(4+5)                          112.57                          248.71                           736.12
7  Tax Expenses                            81.63                           98.83                           129.77
8  Net Profit / Loss from Ordinary Activities after tax    (6+7-8)                            30.94                          149.88                           606.34
9 Prior Period Adjustments                                  45.02
10 Extraordinary Items (net of tax expenses)                                   -                                    -                            (868.83)
10 Net Profit(+)/Loss(-)  for the Period(8+9+10)                            30.94                          149.88                          (217.47)
11 Paid up Equity Share Capital (Face Value Rs.10/-)                      1,685.00                     1,685.00                        1,635.00
12 Reserves excluding revaluation reserves as per balance sheet of previous accounting year                            8,824.63
13 Basic & Diluted Earning per Share before Extraordinary items (not annualised)        
  -  Basic                               0.18                             0.89                                3.98
  -  Diluted                              0.18                             0.89                                3.98
14 Basic & Diluted Earning per Share after Extraordinary & Exceptional items (not annualised)        
  -  Basic                               0.18                             0.89                              (1.33)
  -  Diluted                              0.18                             0.89                              (1.33)
15  Public Shareholding      
  -  Number of shares                          119.49                        119.49                         118.20
  -  Percentage of Shareholding                            70.91                           70.91                            72.30
 
a The above financial results were reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on October 31, 2008 and are subject to review by the Statutory Auditors.
b The company's business consists of trading & manufacturing  of Gems & Jewellery. Company considers the same as one business only. The Fixed Assets & Expenditure used for the business, or liability committed for, are not identifiable to one particular segments. Hence, the relevant data on segment capital employed & expenses have not been quantified.
c In terms of resolution approved in the meeting of the Board of Directors of the company held on 17th December 2007 and in the Extraordinary General Meeting of its members held on 9th January, 2008, the company has acquired on 8th April,2008 ( date of transfer of shares of Mimansa Jewelery Private Limited ) 100% Equity shares of Mimansa Jewellery (P) Ltd.  by issue of 500000 Equity shares @ Rs. 40/- per share on 15th April, 2008.
d In terms of the above resolution, the company has also issued on 4th April, 2008 on preferential basis, 18 lacs share warrants @ Rs. 40/- for subsequent conversion into same number of Equity shares.
e There was no investor complain that was unresolved as on 1st July 2008. During the quarter ended 30th September, 2008, the company did not receive any complaints from investors.
f Tax expenses includes Income Tax, Fringe Benefit Tax and Deferred Tax
g Figures of  the previous periods have been rearranged/regrouped wherever necessary.
UNAUDITED SEGMENT REPORT FOR THE QUARTER ENDED 30TH SEPTEMBER, 2008
PURSUANT TO CLAUSE 41 OF THE LISTING AGREEMENT
(Rs. in lacs)
  Particulars  Three   Year to date   Year  
   months   figures for current   ended 
   ended    Period ended   31.03.2008 
   30.06.2008   30.09.2008   
   (Unaudited)   (Unaudited)   (Unaudited) 
       
1 Net Sales / Income from Operation                      6,056.75                   11,026.87                    21,872.39
  Sales to USA                          644.23                     1,140.68                      3,037.00
  Sales to UAE                      2,715.89                     4,887.29                      9,450.45
  Sales to UK                          562.04                        968.03                      2,165.52
  Sales in India                      2,081.38                     3,902.35                      7,101.95
  Sales to other countries                            53.22                        128.53                         117.47
2 Segment Results                          790.03                -                       1,577.13                -                        4,515.77
  USA                            84.03                        163.15                         627.02
  UAE                          354.26                        699.01                      1,951.14
  UK                            73.31                        138.45                         447.09
  India                          271.49                        558.14                      1,466.27
  Mauritius      
  Other countries                              6.94                           18.38                            24.25
 
3 The Capital Employed are not identifiable to one particular segment and hence have not been quantified.
     For and on behalf of the Board
Place: Mumbai          Varij Sethi
Date : 28th November, 2008       (Managing Director)
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