ASM Investor Relationships: Financial results, Profit and Loss


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	Unaudited financial results for the period ended 31st December 2004

Quarterly Profit and Loss Account (Rs. in Lacs)

Unaudited financial results for the period ended 31st December 2004
	Quarter Ended		Nine Month Ended		Year Ended	Reporting of segment wise revenue, assets & Liabilities under Clause 41 of the Listing Agreement
Particulars	31-12-2004 (Unaudited)	31-12-2003 (Unaudited)	31-12-2004 (Unaudited)	31-12-2003 (Unaudited)	31-03-2004 (Audited)	Particulars	31-12-2004
Net sales / Income from operations	508.49	133.74	1,217.03	414.28	747.24	Geographic Segment Revenue
Other Income	7.70	0.80	11.47	2.20	7.11	Export	344.50
Total Revenue	516.19	134.54	1,228.50	416.48	754.35	Domestic	163.99
Total Expenditure	453.77	150.83	1,116.17	433.18	740.50	Total	508.49
a. Increase/Decrease in Stock	-	17.52	-	29.52	19.15	Other Income
b. Staff Cost	388.54	107.29	976.98	335.87	621.95	Interest	1.18
c. Other Expenditure	65.23	26.02	139.19	67.79	99.40	Others	6.52
Profit (+) Loss (-) before interest, depreciation & tax	62.42	(16.29)	112.33	(16.70)	13.85	Total	7.70
Interest	5.87	5.64	16.60	17.54	25.38
Profit (+) Loss (-) after interest, but before depreciation & tax	56.55	(21.93)	95.73	(34.24)	(11.52)	Segment Asset and Liability
Depreciation	19.20	18.79	56.72	56.37	75.57
Profit (+) / Loss (-) before tax	37.35	(40.72)	39.01	(90.61)	(87.09)	Segment Assets
Provision for tax	-	-	-	-	-	Outside India	350.56
Net Profit (+) Loss (-)	37.35	(40.72)	39.01	(90.61)	(87.09)	India	875.07
Deferred Tax Asset/Liability adjustment	7.81	7.37	16.56	19.88	29.31
Net Profit (+) Loss (-) before extraordinary item	45.16	(33.35)	55.57	(70.73)	(57.78)	Investments
Extraordinary /non-recurrng item	-	9.50	-	26.50	76.80	Outside India	71.89
Profit (+) Loss (-) for the year / period	45.16	(42.85)	55.57	(97.23)	(134.58)
Paid up equity capital (Rs. 10/- per share)	500.00	500.00	500.00	500.00	500.00	Segment Liabilities
Reserves excluding revaluation reserves	333.31	333.31	333.31	333.31	333.31	Outside India	404.98
EPS (not annualised)	0.90	(0.86)	1.11	(1.94)	(2.69)	India	631.49


1.	The above financial results were taken on record by the Board of Directors at their meeting held on 18th January 2005.
2.	The Group total revenue of ASM and its wholly owned subsidiaries in US and Singapore (net of inter-company sales ) amounted to Rs.811.51 and Rs. 2119.62 Lacs for the quarter and nine month ended 31st December 2004 as against Rs. 415.78 Lacs Rs. 1136.55 Lacs for the quarter and nine month ended 31st December 2003.
3	Details of Shareholders Complaints/Grievances during 01.10.2004 to 31.12.2004
	No. of Complaints/Grievances recieved	Resolved	Pending
	4	4	-

Auditor's qualification in the Audit Report
1	Interest on term loan due to IDBI amounting to Rs. 89.53 lakhs. Further liquidated damages amounting to Rs. 22.57 Lakhs claimed by IDBI is not recognised inthe accounts. Had the provision been made for the interest and liquidated damages the profits would have been lower by Rs. 112.10 lakhs and the liability towards IDBI loan would have been more by the same amount. Reply - The Company is negotiating a one time settlement (OTS) with IDBI in respect of the loan outstanding and hence has not provided for interest on term loan and liquidated damages in the accounts
2	The company has given corporate guarantee for loans taken by a company from a financial institution amounting to Rs. 260.34 Lacs. In our opinion, the terms & conditions are prima facie prejudicial to the interest of the company Reply - The outstanding dues of the above company are under negotiation with the financial institution for One Time Settlement (OTS) and it is likely that the dues will be settled during the course of the current year.

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