MIND
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Annual Report 2004-2005

Unaudited-30th Sept2004

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(Rs. in Millions)
ParticularsQuarter Ended Sept. 30, 2004Quarter Ended Sept. 30, 2003Half Year Ended Sept. 30, 2004Half Year Ended Sept. 30, 2003Financial year 2003-04 (Audited)
Net Sales / Income from Operation
58.21246.331
108.67786.489180.703
Other Income/(Loss)0.565-0.579-1.645
Total Income58.777
46.331
109.25686.489182.348
Total Expenditure
a) (Increase) / Decrease in Stock in trade
1.465
1.974
(2.921)(3.057)1.644
b) Consumption of Raw Material
-----
c) Staff Cost
29.755
22.423
56.34442.93286.956
d) Other Expenditure16.063
11.164
30.81322.01346.798
Interest
0.037
0.034
0.0700.2950.405
Gross Profit after Interest but before Depreciation & Taxation
11.457
10.736
24.95024.30646.545
Depreciation
6.376
4.997
12.1419.59323.514
Deferred Expenses Written Off
-----
Profit before Tax
5.081
5.739
12.80914.71323.031
Provision for Taxation
Net Profit/(Loss)
5.081
5.739
12.80914.71323.031
Paid up Equity Share Capital of Rs. 10/- each
77.882
76.168
77.882
76.168
25.464
Share Capital Pending Allotment
----52.418
Reserves excluding revaluation reserves
3.467
3.390
3.467
3.390
3.467
Profit & Loss a/c
----10.463
Basic Earnings Per Share (Rs.)
0.652
0.753
1.6451.9329.04
Diluted Earnings Per Share (Rs.) Not annualised
2.96

NOTES:

  1. The Above results were taken on record by the Board of Directors of the Company in the meeting held on 28.10.2004
  2. The name of the company was changed from " Best Financiers Ltd." to MothersonSumi INfotech & Designs Ltd. in September, 2000, the Company had ventured into the business of Software Development in the month of October, 2000. and all the income/revenue in the company is from the business of Software development/consultancy & designing services.
  3. No provision for deffered tax has been made as substantial operations of the company are exempt from tax as per the provision of Section 10B of Income Tax Act, 1961.
  4. Status of Investor Complaints- At the begining of the quarter- Nil, Received during the quarter - Nil, At the end of quarter- Nil
  5. Statutory Auditors have carried out a "Limited Review" of the financial results for the quarter and Half year ended September 30, 2004
By order of the Board of Directors
For MothersonSumi INfotech & Designs Limited
Mr. Hiroaki Shimizu
Whole Time Director


Place : Noida
Date : 28.10.2004



Reporting of Segmentwise Revenue, Results & Capital Employed under clause 41 of the listing Agreement
(Rs. in Millions)
ParticularsQuarter Ended Sept. 30, 2004Quarter Ended Sept. 30, 2003Half Year Ended Sept. 30, 2004Half Year Ended Sept. 30, 2003Financial year 2003-04 Audited
Segmentwise Revenue, Results & Capital Employed :
1. Segment Revenue
a) Software Business
49.928
42.430
92.72878.629161.521
b) Design Business
8.284
3.901
15.9497.86019.182
Total
58.212
46.331
108.67786.489180.703
Less: Inter Segment Revenue
-----
Net Sales/ Income from Operation
58.212
46.331
108.67786.489180.703
2. Segment Result:
(Profit (+)/ Loss(-) before tax and interest from each segment
a) Software Business
5.751
7.499
13.06818.31528.054
b) Design Business
(0.633)
(1.726)
(0.189)(3.307)(4.618)
Total
5.118
5.773
12.87915.00823.436
Less (i) Interest
0.037
0.034
0.0700.2950.405
(ii) Other un-allocable expenditure,
-----
net of unallocable income
-----
Total Profit Before Tax
5.0815.73912.80914.71323.031
3. Capital Employed:
(Segment Assets - Segment Liablities)
-----
Please refer note 1

NOTES:

  1. Assets used in the Company's business are not capable of being specifically identified with any of the segments, and it is not practicable to provide segmented disclosures in relation to total assets and liablities with any reasonable degree of accuracy.
By order of the Board of Directors
For MothersonSumi INfotech & Designs Limited
Mr. Hiroaki Shimizu
Whole Time Director


Place : Noida
Date : 28.10.2004

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