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Real Estate Brokerage Operating Agreement

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Real Estate Brokerage Operating Agreement Powered By Docstoc
					                           OSWAL AGRO MILLS LIMITED
         Regd.Office : Near Jain Colony, Vijay Inder Nagar, Daba Road, Ludhiana-141 003 (Punjab)
              Head Office : Antriksh Bhawan, 22, Kasturba Gandhi Marg, New Delhi-110 001

               UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th June 2007
                                                                                              (Rs./Lacs )


                                                          Unaudited                      Audited
Sr.                                                                                   Financial Year
                    Particulars
No.                                                  First Quarter Ended                  Ended
                                                   30.06.2007      30.06.2006            31.03.07
                          (1)                       (2)                (3)                  (4)
1     Net Sales/Income from Operations                  199.31             469.59                 736.49
2     Other Income                                         0.34                 -                    9.41
3     Total Expenditure
      a. Staff cost                                     11.25              171.53                   208.65
      b. Other expenditure
         - Brokerage                                    66.16                   -                   250.94
         - Securities Transaction Tax                   38.10                   -                   105.75
         - Other Expenses                               35.60               40.93                   261.53
4     Interest                                            -                  6.32                      6.00
5     Operating Profit/(Loss) after Interest                               250.81                   (86.97)
      but before Depreciation, Taxation
                                                        48.54
6     Depreciation                                       3.19                3.06                     12.78
7     Profit/(Loss) before tax                          45.35              247.75                   (99.75)
8     Provision for Taxation
      - Current Year                                      -                     -                      0.67
      - Earlier Years                                     -                     -                    500.25
      - Fringe Benefit Tax                               0.26                0.31                      1.52
      - Deferred Tax Asset Written Back                   -                     -                     43.40
9     Net Profit/ / (Loss)                              45.09              247.44                  (645.59)
10    Paid up equity share capital (face
                                                                        13,423.47              13,423.47
      value – Rs.10 per share)                      13,423.47
11    Reserves excluding revaluation                                                           47,853.59
12    Basic &
      reserve Diluted EPS (in Rs.) – not
                                                                             0.18                    (0.48)
      annualized                                          0.03
13    Aggregate of Public Shareholding
      - Number of Shares                        78,201,594.00           80696594               78201594
      - Percentage of Shareholding                      58.26              60.12                  58.26
        Segmentwise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
                                                               Unaudited                         Audited
Sr.                                                                                           Financial Year
                        Particulars
No.                                                       First Quarter Ended                     Ended
                                                       30.06.07          30.06.06                31.03.07
    1   Segment Revenue
        Investment Activities                               199.31             469.59                    717.77
        Real Estate                                            -                  -                         -
        Total Segment Revenue                               199.31             469.59                    717.77
    2   Segment Result
        Profit (+)/ Loss (-) before tax and interest
        from each segment
        Investment Activities                                 67.93            254.07                    239.36
        Real Estate                                           (6.64)              -                         -
        Unallocated income net of unallocated
        expenses                                             (15.94)              -                     (333.11)
        Less: Interest & Finance Charges                        -                6.32                      6.00
        Profit before Tax                                     45.35            247.75                    (99.75)

        Less: Provision for Taxation                            -                   -                          -
        - Current Year                                          -                 -                        0.67
        - Earlier Years                                         -                 -                      500.25
        - Fringe Benefit Tax                                   0.26              0.31                      1.52
        - :Deferred Tax Written Off                             -                 -                       43.40
        Profit after Tax                                      45.09            247.44                   (645.59)
    3   Capital Employed
        Segment Assets minus Segment Liabilities
        Investment Activities                             26,706.05         44,335.16                 25,141.05
        Real Estate                                       28,043.36         11,250.00                 29,550.00
        Others                                             4,922.13          4,934.32                  4,935.42
        Total Capital Employed                            59,671.54         60,519.48                 59,626.47

Notes:
1   The above financial results were reviewed by the Audit Committee and taken on record
    by the Board of Directors at its meeting held on 30th July 2007.
2   The Company continues to recognise, Real Estate and Investing activities as separate
    Business Segments.
3   Status of investor complaints for the quarter ended 30th June 2007.
        Beginning 1, Received 23, Resolved 22, Pending 2.
4       Implementation of AS 15 as revised will be taken up at the end of the year.
5       The provision for Income Tax / Deferred Tax will be determined and provided for at the end of
        Accounting year
6       Previous periods' figures have been regrouped wherever considered necessary.
7       The auditors have conducted a " Limited Review" of the above financial results for the quarter
        ended 30th June 2007
                                                                                        By order of the Board


Place : New Delhi                                                                                  Anil Bhalla
Date : 30.July 2007                                                                                  Director

				
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