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 QUARTER ENDED 31ST MARCH, 2009 (UNCONSOLIDATED)  
(Rs. in Lacs)
Sr. No. Particulars  Three months ended 31.03.2009   Corresponding Quarter ended 31.03.2008   Year to date figures for current Period ended 31.03.2009   Year to date   Year  ended 31.03.2008 
 (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Audited) 
             
1 Net Sales / Income from Operation               2,259.73                3,307.69                10,522.81   6,141.77             9,449.46
2 Other Income                       5.82                      29.24                        36.46       104.04                113.34
3 Total Income (1+2)               2,265.55                3,336.93                10,559.27   6,245.81             9,562.80
4 Expenditure          
  (a) (Increase) / Decrease in Stock-in-trade & WIP                            -                               -                                 -                  -                            -  
  (b) Consumption of raw materials                2,472.65                3,206.95                10,560.27   5,242.92             8,375.88
  (c) Purchase of traded goods                            -                               -                                 -                  -                            -  
  (d) Employees Cost                     43.75                      47.10                     189.89       163.86                200.51
  (e) Depreciation                       8.44                        9.37                        33.73         27.24                   37.24
  (f) Foreign Exchange Loss ( Net off of forex gain/loss)                 (208.43)                    (17.08)                    (941.46)       266.92                272.22
  (g) Other expenditure                     60.82                      43.34                     259.67       210.69                248.47
  (h) Total               2,377.24                3,289.68                10,102.11   5,911.62             9,134.33
5 Interest                  124.91                      12.96                     331.18       140.07                199.36
6 Exceptional  Items                             -                               -                                 -                  -                            -  
6 Profit(+) / Loss (-) from Ordinary Activities before Tax (3) -(4+5)                 (236.61)                      34.29                     125.97       194.12                229.12
7  Tax Expenses                   (74.92)                        0.55                        50.75         73.65                126.01
8  Net Profit / Loss from Ordinary Activities after tax    (6+7)                 (161.69)                      33.74                        75.22       120.47                103.10
9 Prior Period Adjustments                            -                               -                                 -                       45.02
10 Extraordinary Items (net of tax expenses)                            -                               -                                 -                  -                            -  
11 Net Profit(+)/Loss(-)  for the Period(8+9+10)                 (161.69)                      33.74                        75.22       120.47                148.13
12 Paid up Equity Share Capital (Face Value Rs.10/-)               1,685.00                1,635.00                  1,685.00   1,635.00             1,635.00
13 Reserves excluding revaluation reserves as per balance sheet of previous accounting year                            -                               -                                 -                  -               8,937.90
14 Basic & Diluted Earning per Share before Extraordinary items (not annualised)          
  -  Basic                      (0.96)                        0.21                          0.45           0.74                     0.91
  -  Diluted                     (0.96)                        0.21                          0.45           0.74                     0.91
15 Basic & Diluted Earning per Share after Extraordinary & Exceptional items (not annualised)          
  -  Basic                      (0.96)                        0.21                          0.45           0.74                     0.91
  -  Diluted                     (0.96)                        0.21                          0.45           0.74                     0.91
16  Public Shareholding          
  -  Number of shares                  119.43                   118.20                     119.43       118.20                118.20
  -  Percentage of Shareholding                     70.88                      72.30                        70.88         72.30                   72.30
17 Promoters and promoter group Shareholding          
  a) Pledged / Encumbered          
  - Number of shares                     26.33                      26.33                        26.33                     26.33
  - Percentage of shares (as a % of the total shareholding of
promoter and promoter group)
                    53.66                      58.14                        53.66                     58.14
  b) Non-encumbered          
  - Number of shares                     22.74                      18.96                        22.74                     18.96
  - Percentage of shares (as a % of the total shareholding of
promoter and promoter group)
                    46.34                      41.86                        46.34                     41.86
  - Percentage of shares (as a % of the total share capital of the company)                     13.49                      11.60                        13.49                     11.60
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 April 29, 2009 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 & Indirect 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.
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 April 2009. During the quarter ended 31st March, 2009, the company has received eleven complaints from investors and the same has been resolved satisfactorily.
f Tax expenses includes provision for Income Tax, Wealth 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 31ST MARCH, 2009  
  PURSUANT TO CLAUSE 41 OF THE LISTING AGREEMENT (UNCONSOLIDATED)  
(Rs. in Lacs)
  Particulars  Three months ended 31.03.2009   Corresponding Quarter ended 31.03.2008   Year to date figures for current Period ended 31.03.2009   Year to date   Year  ended 31.03.2008 
 (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Audited) 
             
1 Net Sales / Income from Operation               2,259.73                3,307.69                10,522.81   6,141.77             9,449.46
Sales to USA  -                       12.13                     140.83       637.62                636.35
Sales to UAE                  177.57                   337.64                     992.82   1,245.03             1,582.68
Sales to UK                       0.15                        0.46                          0.15           2.66                     3.12
Sales in India               2,082.02                2,922.18                  9,351.58   4,227.40             7,162.98
Sales to other countries  -                       35.28                        37.44         29.06                   64.33
2 Segment Results                 (212.93)                   100.74                      (37.47)       898.85             1,019.62
USA  -                         0.37                        (0.50)         93.32                   63.79
UAE                   (16.73)                      10.28                        (3.53)       182.21                158.66
UK                     (0.01)                        0.01                        (0.00)           0.39                     0.31
India                 (196.18)                      89.00                      (33.30)       618.68                718.03
Mauritius  -   -                                -                       72.39
  Other countries  -                         1.07                        (0.13)           4.25                     6.45
             
3 Less:  Unallocated Expenditure (Inc. Depre. And Interest)                     29.50                      95.69                    (126.98)       808.77                832.90
             
4 Add: Unallocable Income                        5.82                      29.24                        36.46       104.04                   87.42
             
5 Less:  Tax                   (74.92)                        0.55                        50.75         73.65                126.01
             
   Net Profit After Tax (before exceptional items)                  (161.69)                      33.74                        75.22       120.47                148.13
     For and on behalf of the Board
Sd/-
Place: Mumbai          Varij Sethi
Date : 29th April, 2009       (Managing Director)
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