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Alstom Ltd Q4 net profit at Rs 71.90 million, operating income at Rs 1275.7 million

Alstom Ltd has declared a net profit of Rs 71.9 million on a turnover of Rs 1275.7 million for the quarter ended March 31, 2000. The other income for the quarter was Rs 42.3 million as compared to Rs 36.4 million in the corresponding period of previous year. The company had a positive interest income of Rs 4.4 million for MQ 2000 as against an expenditure of Rs 14.60 million under same head in MQ 99. For the year ended March 31, 2000 the company earned a net profit of Rs 17.3 million as against a loss of Rs 95.1 million in FY 99. The sales for the year were Rs 4140.9 million (FY 99 Rs 4227.8 million). The Directors have not recommended any dividend for the year ended March 31, 2000.

Precision Wires reports 22% increase in net profits, sales up by 16%

Precision Wires India Ltd has reported a net profit of Rs 43.31 million as against Rs 35.41 million in FY 99. The operating income for the year was 16.32% higher at Rs 545.47 million as compared to Rs 468.92 million in FY 99. Other income for FY 2000 is Rs 5.76 million (FY 99 Rs 4.75 million). Depreciation for the year was Rs 10.93 million and the company provided Rs 13.29 million for tax. Including the interim dividend of 12% declared earlier, the company declared a dividend of 17% for the year 1999-2000.

Sona Steering net profit rise 58%, sales up by 46%

Sona Koyo Steering Systems Ltd has recorded 58% growth in the net profits and 46.25% growth in the operating income for the year ended March 31, 2000. The company recorded a net profit of Rs 90.72 million on a turnover of Rs 2262.71 million against a net profit of Rs 57.34 million earned in FY 99 on a turnover of Rs 1547.12 million. The other income for the year was Rs 33.03 million, 43% higher, compared to Rs 23.09 million earned in FY 99. While the interest expenditure increased 15% to Rs 75.81 million (Rs 65.96 million) the depreciation charge was 19.52% higher at Rs 77.27 million (Rs 64.65 million).

Lakshmi Overseas Industries Board postpones preferential allotment, Bonus shares

The Board of Directors of Lakshmi Overseas Industries Ltd met today (June 28, 2000)and decided to convene an EGM of the shareholders on July 28, 2000. The board approved the following, subject to the approval of general body in the above mentioned EGM: 1. To pass issue of Bonus shares in the ratio of 1:1 as Special Resolution to ratify the Ordinary Resolution passed in the AGM dated December 30, 1999. 2. To postpone preferential allotment of shares until completion of the Bonus shares. 3. To hive off a designated part of company's business as a separate company under a scheme of arrangement subject to the approvals and consents as may be necessary including that of Hon'ble Punjab and Haryana High Court.

Samkrg Pistons FY 2000 net profit at Rs 66.44 million, declares 30% dividend

Samkrg Pistons Ltd. has posted a net profit of Rs 66.44 million for FY 2000 as compared to Rs 66.26 million for FY 99.The Total Income for FY 2000 is up by 24.03% at Rs 488.42 million The Board of Directors has declared 30% (Rs 3/- per share) dividend on equity share capital for the Financial Year 1999-2000.

Linc Pen & Plastics operating income grow 29%, profits improve 44%

Linc Pen & Plastics Ltd ahs reported net sales and operating income of Rs 282.96 million representing a 29.48% growth over the previous year's figure of Rs 218.53 million. The net profit at Rs 19.36 million is 43.62% higher compared to Rs 13.48 million registered last year. Interest expenditure and tax provision for the year were Rs 2.72 million (Rs 1.64 million) and Rs 7.40 million (Rs 2.15 million) respectively.

Apar Industries FY 2000 net down by 47.58%

Apar Industries Ltd has posted a net profit of Rs 91.26 million for FY 2000 as compared to Rs 174.10 million for FY 99. Total Income for FY 2000 is down by 8.61% at Rs 4133 million. Fall in turnover and profit for the year under review are due to drop in sale of conductors and higher costs of inputs. Due to volatility in the orders of conductors the Directors have decided that for the time being only one factory for manufacturing of conductors at Bahutha be operated and accordingly all the workman of factory at Baroda have been terminated in the current year under voluntary retirement scheme Operations during the second half of current year are expected to improve.

Transpek Industry reports 12.70 million net profit, sales improve 20%

Transpek Industry Ltd has reported a 122.81% increase in the net profits and a 19.92% growth in sales for the year ended March 31, 2000. The company recorded a net profit of Rs 12.70 million on a turnover of Rs 1787.40 million as against a profit of Rs 5.70 million earned during last year on a turnover of Rs 1490.50 million. Other income reduced considerably from Rs 73.70 million in 1998-99 to Rs 26.80 million in FY 2000.

Zodiac Clothing FY 2000 net higher by 4.56%

Zodiac Clothing Company Ltd has posted a net profit of Rs 80.20 million for FY 2000 as compared to Rs 76.70 million for FY 99. Net Sales however are down by 1.47% for FY 2000 at Rs 631.60 million. The other income has risen from Rs 9.50 million in FY 99 to Rs 50.40 million in FY 2000.

Wimco Ltd net loss down by 20%, sales decline 16%

Wimco Ltd has incurred a net loss of Rs 143.10 million for the year ended March 31, 2000 as against a loss of Rs 178/- million. The sales for the year went down by Rs 303.20 million from Rs 1889.80 million in FY 99 to Rs 1586.60 million in FY 2000. While the loss before extraordinary item increased 108.32% to Rs 147.70 million. The company had written off Rs 106.40 million as extraordinary item in the previous year as against an extraordinary income of Rs 5.60 million in the FY 2000. For the FY 2000 the extraordinary item include a gain of Rs 67.47 million on sale of its property at Chennai and an Ex-Gratia payment of Rs 30.59 million to separating employees at the unit in Assam where operations have been suspended since April 1997.

K G Khosla Compressors net profit down by 18.34%

K G Khosla Compressors Ltd. has posted a net profit of Rs 20.58 million for the year ended March 31, 2000 as compared to Rs 25.20 million for FY 99.Total Income for FY 2000 is up by 58.65% at Rs 708.46 million. The Board of Directors has recommended a Dividend at the rate of Re.1 Per Share (10%) for the year ended March 31, 2000. The figures of year ended March 31, 2000 include the figures of Air Compressor Division of Kirloskar Pneumatic Co Ltd., which was taken on Licence by the Company during October 1999 and hence are not comparable with the corresponding accounting year of last year.

Infosys announces strategic e-commerce partnership with National Bank of Abu Dhabi

Infosys Technologies Ltd a leading IT consulting firm today announced a strategic e-commerce partnership with National Bank of Abu Dhabi (NBAD) to provide e-commerce and Internet banking services to the bank's customers in UAE.The Bank will deploy Bank Away, the powerful e-commerce platform from Infosys. NABD is one of the leading and most progressive banks in UAE. With this initiative the Bank will offer Internet banking services to both its retail and corporate customers. Apart from being able to conduct routine banking activities like account balance inquiry, transaction inquiries and funds transfers, customers will be able to manage limits and conduct trade finance activities like lodging letters of credit, managing bills etc Further customers can conduct mobile banking activities through the WAP (Wireless Application Protocol) and SMS(Short Messaging Service) features in Bankway. To ensure conformity to customer expectations the bank plans to initially provide a demo of their Internet Banking service to a select group of customers With Bank Away NBAD will be the first bank in UAE to provide such a comprehensive e-commerce service offering to its customers. Mr. Robert Rayment CFO of NABD said "The internet and e-commerce have changed the way business operate .To keep pace in this new business paradigm and to meet our customer expectations , we decided to offer a broad spectrum of electronic banking services to our customers In this initiative we are glad to partner with a pioneering company like Infosys, that is at the cutting edge of e-Commerce technology. Infosys has a long term commitment to provide leading edge world -class solutions to the banking industry in the Middle East .We are happy that NBAD has chosen us over other International solution vendors said Mr. Merwin Fernandes Associate Vice President and Head Sales and Marketing at the Banking Business unit of Infosys.

RPG Transmission FY 2000 net loss down 44%, sales down by 13.46%

RPG Transmission Ltd has incurred a net loss of Rs 72.50 million for the year ended March 31, 2000 as against Rs 129.10 million in FY 99. The revenue for the year has declined from Rs 2262.60 million in FY 99 to Rs 1958 million in FY 2000. For the quarter ended March 31, 2000 Company recorded a net loss of Rs 18.50 million (MQ 99 Rs 60.20 million). The total income for the quarter was down 58.73% from Rs 853.50 million in MQ 99 to Rs 352.20 million in MQ 2000.

Rollatainers 18 month net loss at Rs 172.57 million

Rollatainers Ltd has reported a net loss of Rs 172.57 million for the period ended March 31, 2000. The sales and other income for the period were Rs 2052.49 million and Rs 21.70 million respectively. After considering Rs 220.29 million for interest , Rs 76.89 million for depreciation and Rs 6 million for contingencies the company posted a loss before tax of Rs 174.408 million.

Cyber Tech Systems report 42% growth in net profits, sales improve 56.62%

Cyber Tech Systems and Software Ltd has reported a net profit of Rs 170.34 million for the year ended March 31, 2000 as against Rs 120.15 million in FY 99, representing a growth of 41.77%. The sales for the year were 56.62% higher at Rs 297.18 million (Rs 189.75 million). Other income for the year was Rs 65.30 million, 102% higher than Rs 32.32 million earned in the previous year. The employee cost for the company went up 143.70% from Rs 27.46 million to Rs 66.91 million. The quarter ended March 31, 2000 recorded a profit of Rs 34.26 million compared to Rs 24.60 million in MQ 99. The net sales, other income and employee cost for the quarter ended March 2000 were Rs 69.28 million, 25.07 million and Rs 20.07 million respectively against Rs 60.29 million, 1307 million and Rs 10.64 million respectively in the corresponding quarter of the previous year. The company's Advanced Technology Centre unit at Thane has been accredited with ISO 9001 certification.

CMI Ltd net profit rise 22.21%, sales stable at Rs 787.92 million

CMI Ltd has recorded a net profit of Rs 15.92 for the year ended March 31, 2000 as against Rs 13.03 million in FY 99. The sales for FY 2000 at Rs 787.92 million were more or less the same as that of the previous year at Rs 780.16 million. Depreciation for the year decreased 31.65% from Rs 18.68 million in FY 99 to Rs 12.77 million in FY 2000.

Thermax Ltd net profit slide 15.58%, writes off exceptional item of Rs 146.4 million

Thermax Ltd has reported a net profit of Rs 323.40 million as against Rs 383.10 million in FY 99. The sales for FY 2000 fell 12.90% from Rs 4660.30 million in FY 99 to Rs 4059.20 million in FY 2000. The other income rose significantly from Rs 415.80 million to Rs 921.50 million. The company charged Rs 146.40 million towards exceptional item (previous year Rs 7/- million). The exceptional items include Rs 83.10 million towards diminution of value of investments, Rs 48.30 million contribution towards accumulated losses of a joint venture company on closure of its operations and Rs 15 million paid as consideration under a business transfer agreement for purchase of certain intangible assets (including goodwill) and towards non-compete covenant.

Shanti Gears net profits up by 11%, sales rise 9%

Shanti Gears Ltd has registered a 11% growth in the net profits and 8.7% growth in the sales for the year ended March 31, 2000. The company earned a net profit of Rs 50.27 million on a turnover of Rs 402.81 million as compared to net profit of Rs 45.30 million company earned in the last year on a turnover of Rs 370.59 million. While the interest income decreased from Rs 31.82 million in FY 99 to Rs 25.03 million in FY 2000 the tax provision increased from Rs 24.20 million to Rs 36.08 million.

Ram Informatics to consider allotment of one million shares to NRIs

The Board of Directors of Ram Informatics Ltd will meet on July 08 2000, Saturday, to consider allotment of one million equity shares of Rs 10/- each at a premium of Rs 240/- per share. The allotment is to be made to NRIs as part consideration for acquisition of M/s Aravali Technologies Inc., USA as wholly owned subsidiary of Ram Informatics. The company has received the approval of the RBI, Mumbai, and FIPB, Government of India for the acquisition of 100% equity stake in M/s Aravali Technologies Inc., USA, and for allotting its equity shares in part consideration of the acquisition price.

Nova Petrochemicals FY 2000 net profit down by 6.76%

Nova Petrochemicals Ltd has posted a net profit of Rs 60.70 million for the year ended March 31,2000 as compared to Rs 65.10 million for FY 99.The sales for FY 2000 are up by 59.02% at Rs 2553.50 million as compared to Rs 1605.80 million in FY 99. Other income has risen from Rs 55.50 million in FY 99 to Rs 66.30 million in FY 2000.

Sagar Cements FY 2000 net profit at Rs 5.15 million, sales up by 13.73%

Sagar Cements Ltd has posted a 58.48% in net profits for the year ended March 31, 2000 at Rs 5.15 million as compared to the previous year. The sales for the year ended March 31,2000 are up by 13.73% at Rs 556.85 million as compared to Rs 489.64 million in the previous year. Other income for FY 2000 is Rs 1.43 million as compared to Rs 7.96 million for FY 99.

Supreme Oriented Films net loss at Rs 23.79 million, sales down by 6.67%

Supreme Oriented Films Ltd incurred a net loss of Rs 23.79 million for the year ended March 31, 2000 as against a loss of Rs 1.05 million in FY 99. The sales at Rs 171.15 million were 6.67% lower compared to Rs 183.37 million in the previous year.

RPG Life Sciences net profit at Rs 89.30 million, sales down 15%

On account of a planned reduction in low margin agrochemical products RPG Life Sciences Ltd has reported a 15% decline in the turnover over the previous year. The company earned a net profit of Rs 89.30 million on a turnover of Rs 2037.45 million. The company had clocked a turnover of Rs 2405.69 million and a profit of Rs 37.12 million in the last year. Other income for the FY 2000 was Rs 145.54 million, 41.80% higher than Rs 102.63 million in FY 99. The other income included Rs 45 million from Non-recurring sources. Similarly other expenditure included Rs 7.20 million for non-recurring purposes.

BSE imposes dealing restriction on 11 scrips

The Stock Exchange, Mumbai has advised its members, not to deal in the following securities until further notice. The under mentioned companies have not complied with clause 16 of Listing Agreement i.e. about their Book-Closure/Record dates. The list of scrips is as under: CODE COMPANY NAME NO DEALINGS FROM 6016 Jalgaon Re-Rolling Industries Ltd., 03/07/2000 31664 Mahavir Impex Ltd. 03/07/2000 31045 Premier Laminates Ltd. 03/07/2000 26723 R D B Industries Ltd. 03/07/2000 11153 Raasi Finance & Investment Ltd 03/07/2000 23030 Rajdhani Leasing & Ind. Ltd., 03/07/2000 11114 Residency Housing Finance Ltd., 03/07/2000 31338 Sangeeta Granites Ltd. 03/07/2000 32031 Sarang Chemicals Ltd. 03/07/2000 31141 Sri Jayalakshmi Spinning Mills ltd. 03/07/2000 3297 Super Syncotex (India) Ltd., 03/07/2000

BSE imposes 25% special margin on Tricom Finance

The Stock Exchange, Mumbai has imposed a special margin of 25% on Tricom Finance Ltd (Scrip Code:- 31675) with effect from June 28, 2000.

Sriven Multi-Tech acquires US based 'Station X Studios'

Sriven Multi-Tech Ltd has informed BSE that it has acquired Station X Studios LLC, a Hollywood based 3D animation studios. The acquisition has been routed through Station X Entertainment Inc. a company incorporated in the U.S.A.

Mphasis Holdings acquire 6.5 million shares in BFL Software

BFL Software Ltd has informed BSE that Mphasis Holdings Ltd has acquired 6,500,000 shares of BFL Software Ltd. aggregating to 41.02%.

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