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 YEAR ENDED 31ST MARCH, 2008 (UNCONSOLIDATED)
(Rs. in Lacs)
  Particulars  Three months ended 31.03.2008   Corresponding Quarter ended 31.03.2007   Year to date figures for current Period ended 31.03.2008   Year to date   Year  ended 31.03.2007 
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Audited) 
           
1 Net Sales / Income from Operation                3,307.69                 3,819.74                   9,449.46    4,930.88             8,749.67
2 Other Income                     29.08                      39.42                      133.12         74.16                111.11
3 Total Income (1+2)                3,336.77                 3,859.16                   9,582.58    5,005.04             8,860.78
4 Expenditure          
  (a) (Increase) / Decrease in Stock-in-trade & WIP                          -                              -                                -                 -                          -  
  (b) Consumption of raw materials                 3,132.95                 3,522.96                   8,375.88    4,129.46             7,725.19
  (c) Purchase of traded goods                          -                              -                                -                 -                          -  
  (c) Employees Cost                     47.35                    185.28                      211.21       129.60                285.40
  (d) Depreciation                       9.37                      11.77                        36.61         20.43                  27.62
  (e) Foreign Exchange Loss ( Net off of forex gain/loss)                       6.71                            -                        273.63         47.12                110.72
  (f) Other expenditure                     43.39                      43.65                      254.08       326.51                269.82
  (g) Total                3,239.77                 3,763.66                   9,151.40    4,653.12             8,418.75
5 Interest                     42.36                      45.11                      182.44       145.05                202.80
6 Exceptional  Items                           -                              -                                -                 -                          -  
6 Profit(+) / Loss (-) from Ordinary Activities before Tax (3) -(4+5)                     54.63                      50.39                      248.74       206.87                239.23
7  Tax Expenses                     12.62                      19.34                        86.27         49.23                  93.25
8  Net Profit / Loss from Ordinary Activities after tax    (6-7)                     42.02                      31.05                      162.48       157.64                145.98
9 Extraordinary Items (net of tax expenses)                          -                              -                                -             0.23                    5.42
10 Net Profit(+)/Loss(-)  for the Period(8-9-10)                     42.02                      31.05                      162.48       157.40                140.56
11 Paid up Equity Share Capital (Face Value Rs.10/-)                1,635.00                 1,635.00                   1,635.00    1,635.00             1,635.00
12 Reserves excluding revaluation reserves as per balance sheet of previous accounting year                          -                              -                                -                 -               8,886.65
13 Basic & Diluted Earning per Share before Extraordinary items (not annualised)          
  -  Basic                        0.26                        0.19                          0.99           0.96                    0.89
  -  Diluted                       0.26                        0.19                          0.99           0.96                    0.89
14 Basic & Diluted Earning per Share after Extraordinary & Exceptional items (not annualised)          
  -  Basic                        0.26                        0.19                          0.99           0.96                    0.86
  -  Diluted                       0.26                        0.19                          0.99           0.96                    0.86
15  Public Shareholding          
  -  Number of shares                   118.20                    121.66                      118.20       122.06                121.66
  -  Percentage of Shareholding                     72.30                      74.41                        72.30         74.66                  74.41
 
 
The above financial results were reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on April 30, 2008 and are subject to review by the Statutory Auditors.
 
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 segment as these are used interchangeably between segments. Hence, the relevant data on segment capital employed & expenses have not been quantified.
 
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 Jewelery Private Limited by issue of 50000 equity shares at Rs. 40/- per share on 15th April,2008.
 
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.
 
There was no investor complain that was unresolved as on 1st January 2008. During the quarter ended 31st March, 2008, the company has received three complaints from investors and the same has been resolved satisfactorily.
 
Pending determination of liability for the year under provision of A.S. - 15 (Revised) 'Employee Benefits' estimated provision of Rs. 8.7 lacs is made in the above financial statement.
 
Tax expenses includes Income Tax, Fringe Benefit Tax and Deferred Tax
 
Figures of  the previous periods have been rearranged/regrouped wherever necessary.
 
UNAUDITED SEGMENT REPORT FOR THE YEAR ENDED 31ST MARCH, 2008
PURSUANT TO CLAUSE 41 OF THE LISTING AGREEMENT
  (Rs. in Lacs)
  Particulars Three months ended 31.03.2008 (Unaudited) Corresponding Quarter ended 31.03.2007 (Unaudited) Year to date figures for current Period ended 31.03.2008 (Unaudited) Year to date Year ended 31.03.2007 (Audited)
      (Unaudited)  
  Net Sales / Income from Operation 3307.68 3819.74 9449.46 0.00 8749.67
Sales to USA 12.13 0.13 649.75 0.00 446.27
Sales to UAE 337.64 496.02 1582.68 0.00 1648.27
Sales to UK 0.46 0.05 3.12 0.00 38.79
Sales in India 2922.18 3323.54 7149.58 0.00 6597.75
Sales to other countries 35.27 0.00 64.33 0.00 18.59
For and on behalf of the Board For and on behalf of the Board
Place: Mumbai Varij Sethi Varij Sethi
Date : 30th April, 2008 (Managing Director) (Managing Director)
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