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 DECEMBER, 2008 (UNCONSOLIDATED)
(Rs. in lacs)
  Particulars  Three   Corresponding   Year to date   Year to date   Year  
Sr.  months   Quarter   figures for current   figures for Previous   ended 
No.  ended   ended    Period ended    Period ended   31.03.2008 
   31.12.2008   31.12.2007   31.12.2008   31.12.2007   
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Audited) 
           
1 Net Sales / Income from Operation              3,455.85              3,130.72                  8,263.08                    6,141.77             9,449.46
2 Other Income                      9.54                    49.26                       30.64                       104.04                113.34
3 Total Income (1+2)              3,465.39              3,179.98                  8,293.72                    6,245.81             9,562.80
4 Expenditure          
  (a) (Increase) / Decrease in Stock-in-trade & WIP                           -                             -                                -                                   -                           -  
  (b) Consumption of raw materials               3,373.13              2,877.91                  7,692.62                    5,242.92             8,375.88
  (c) Purchase of traded goods                           -                             -                                -                                   -                           -  
  (d) Employees Cost                    44.27                    61.08                     146.14                       163.86                200.51
  (e) Depreciation                      8.47                      9.36                       25.29                          27.24                  37.24
  (f) Foreign Exchange Loss ( Net off of forex gain/loss)                (179.16)                    48.80                   (338.03)                       266.92                272.22
  (g) Other expenditure                    74.56                    77.94                     198.85                       210.69                248.47
  (h) Total              3,321.27              3,075.09                  7,724.87                    5,911.62             9,134.33
5 Interest                    68.86                    55.53                     206.27                       140.07                199.36
6 Exceptional  Items                            -                             -                                -                                   -                           -  
6 Profit(+) / Loss (-) from Ordinary Activities before Tax (3) -(4+5)                    75.27                    49.36                     362.59                       194.12                229.12
7  Tax Expenses                    28.10                    18.22                     125.67                          73.65                126.01
8  Net Profit / Loss from Ordinary Activities after tax    (6+7-8)                    47.17                    31.14                     236.92                       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)                    47.17                    31.14                     236.92                       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                       0.28                      0.19                          1.41                            0.74                     0.91
  -  Diluted                      0.28                      0.19                          1.41                            0.74                     0.91
15 Basic & Diluted Earning per Share after Extraordinary & Exceptional items (not annualised)          
  -  Basic                       0.28                      0.19                          1.41                            0.74                     0.91
  -  Diluted                      0.28                      0.19                          1.41                            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                    72.29                       70.88                          72.29                  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 January 30, 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 January 2009. During the quarter ended 31st December, 2008, the company has received four complaints from investors and the same has been resolved satisfactorily.
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 31ST DECEMBER, 2008
PURSUANT TO CLAUSE 41 OF THE LISTING AGREEMENT
(Rs. in lacs)
  Particulars  Three   Corresponding   Year to date   Year to date   Year  
   months   Quarter   figures for current   figures for Previous   ended 
   ended   ended    Period ended    Period ended   31.03.2008 
   31.12.2008   31.12.2007   31.12.2008   31.12.2007   
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Audited) 
           
1 Net Sales / Income from Operation              3,455.85              3,130.72                  8,263.08                    6,141.77             9,449.46
  Sales to USA                    (0.00)                    48.08                     140.83                       637.62                636.35
  Sales to UAE                    86.55                 585.29                     815.25                    1,245.03             1,582.68
  Sales to UK                           -                        2.66                              -                              2.66                     3.12
  Sales in India              3,369.30              2,465.63                  7,269.56                    4,227.40             7,162.98
  Sales to other countries                    (0.00)                    29.06                       37.44                          29.06                  64.33
2 Segment Results                    82.72                 252.81                     570.46                       898.85             1,019.62
  USA                    (0.00)                      3.88                          9.72                          93.32                  63.79
  UAE                      2.07                    47.26                       56.28                       182.21                158.66
  UK                           -                        0.21                              -                              0.39                     0.31
  India                    80.65                 199.10                     501.87                       618.68                718.03
  Mauritius                                  -                      72.39
  Other countries                    (0.00)                      2.35                          2.58                            4.25                     6.45
           
3 Less:  Unallocated Expenditure (Inc. Depre. And Interest)                    17.00                 252.71                     238.52                       808.77                832.90
           
4 Add: Other Income                      9.54                    49.26                       30.64                       104.04                  87.42
           
5 Less:  Tax                    28.10                    18.22                     125.67                          73.65                126.01
           
   Net Profit After Tax                     47.17                    31.14                     236.92                       120.47                148.13
     For and on behalf of the Board
Sd/-
Place: Mumbai          Varij Sethi
Date : 30th January, 2009       (Managing Director)
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