Mar. '07 QR

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" height=90 BGCOLOR="#006699" TEXT="#080000" background="043d05a3.jpg"> <div> <FONT SIZE="5" COLOR="#000000" FACE="Arial" ><B>MORGAN VENTURES LIMITED</B></FONT><B>    </B><B> |     </B><A HREF="index.htm" TARGET="_top" TITLE="MORGAN VENTURES LIMITED"><B>home</B></A></div> <div> <A HREF="id66.htm" TARGET="_top" TITLE="DEC.05 SH">DEC.'05 SH</A>   |   <A HREF="id83.htm" TARGET="_top" TITLE="June 06 SH">June '06 SH</A>   |   <A HREF="id84.htm" TARGET="_top" TITLE="P2">P2</A>   |   <A HREF="id85.htm" TARGET="_top" TITLE="P3">P3</A>   |   <A HREF="id86.htm" TARGET="_top" TITLE="P4">P4</A>   |   <A HREF="id87.htm" TARGET="_top" TITLE="P5">P5</A>   |   <A HREF="id88.htm" TARGET="_top" TITLE="P6">P6</A>   |   <A HREF="id89.htm" TARGET="_top" TITLE="P7">P7</A>   |   <A HREF="id90.htm" TARGET="_top" TITLE="June 06 SR">June '06 SR</A>   |   <A HREF="id91.htm" TARGET="_top" TITLE="Mar.06 QR">Mar.'06 QR</A>   |   <A HREF="id92.htm" TARGET="_top" TITLE="June 06 QR">June '06 QR</A>   |   <A HREF="id93.htm" TARGET="_top" TITLE="Mar.06 SR">Mar.'06 SR</A>   |   <A HREF="id94.htm" TARGET="_top" TITLE="Sep.06 SH ">Sep.'06 SH </A>   |   <A HREF="id95.htm" TARGET="_top" TITLE="Page 2">Page 2</A>   |   <A HREF="id96.htm" TARGET="_top" TITLE="Page 5">Page 5</A>   |   <A HREF="id100.htm" TARGET="_top" TITLE="Page 6">Page 6</A>   |   <A HREF="id101.htm" TARGET="_top" TITLE="Page 7">Page 7</A>   |   <A HREF="id102.htm" TARGET="_top" TITLE="Dec.06 SH">Dec.06 SH</A>   |   <A HREF="id103.htm" TARGET="_top" TITLE="Page 2">Page 2</A>   |   <A HREF="id104.htm" TARGET="_top" TITLE="Page 3">Page 3</A>   |   <A HREF="id105.htm" TARGET="_top" TITLE="Page4">Page4</A>   |   <A HREF="id106.htm" TARGET="_top" TITLE="Page 5">Page 5</A>   |   <A HREF="id107.htm" TARGET="_top" TITLE="Dec. 06 QR">Dec. 06 QR</A>   |   <A HREF="id108.htm" TARGET="_top" TITLE="Dec. 06 SR">Dec. 06 SR</A>   |   <A HREF="id109.htm" TARGET="_top" TITLE="June 07 SH">June 07 SH</A>   |   <A HREF="id110.htm" TARGET="_top" TITLE="Page 2">Page 2</A>   |   <A HREF="id111.htm" TARGET="_top" TITLE="Page 3">Page 3</A>   |   <A HREF="id112.htm" TARGET="_top" TITLE="Page 4">Page 4</A>   |   <A HREF="id113.htm" TARGET="_top" TITLE="Page 5">Page 5</A>   |   <A HREF="id114.htm" TARGET="_top" TITLE="March 07 SH">March '07 SH</A>   |   <A HREF="id115.htm" TARGET="_top" TITLE="Sh 07p2">Sh 07-p2</A>   |   <A HREF="id116.htm" TARGET="_top" TITLE="Sh 07 p3">Sh '07 -p3</A>   |   <A HREF="id117.htm" TARGET="_top" TITLE="Mar. 08 SH">Mar. 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Office  :  53, Friends Colony (East), New Delhi-110065.</div> </tD> </tR> <tR> </tR> <tR> <tD VALIGN=TOP COLSPAN=7 HEIGHT= 19 WIDTH="928"><div> Unaudited Financial Results (Provisional) For The Quarter Ended 31st  March,2007</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div>                                                                            (Rs. in lacs unless otherwise stated)</div> </tD> <tD VALIGN=TOP WIDTH="116"><div>  </div> </tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> (Rs. In lacs)</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="55"><div> <B>Sl.</B></div> </tD> <tD VALIGN=TOP WIDTH="269"><div> <B>Particulars</B></div> </tD> <tD VALIGN=TOP WIDTH="116"><div> <B>Quarter</B></div> </tD> <tD VALIGN=TOP WIDTH="136"><div> <B>Quarter</B></div> </tD> <tD VALIGN=TOP><NOBR><div> <B>Year to date</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B>Year to date</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="111"><div> <B>Previous</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> No.</div> </tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="116"><div> Ended</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> Ended</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 31.03.2007</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 31.03.2006</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> Accounting</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="116"><div> 31.03.2007</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 31.03.2006</div> </tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><div> Year Ended</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><div> <B>30.06.2006</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="116"><div> (Unaudited)</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> (Unaudited)</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> (Unaudited)</div> </tD> <tD VALIGN=TOP><NOBR><div> (Unaudited)</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="111"><div> (Audited)</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 1</div> </tD> <tD VALIGN=TOP><NOBR><div> Net Sales/Income From Operations</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="116"><div> 91.95</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 235.94</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 348.29</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 644.74</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 957.84</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 2</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Total Expenditure</div> </tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> a)  (Increase)/Decrease in Stock in Trade</div> </tD> <tD VALIGN=TOP WIDTH="116"><div> 21.41</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 77.71</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.65</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> -5,648.35</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> b)  Purchase of Plant</div> </tD> <tD VALIGN=TOP WIDTH="116"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 5900.00</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> c)  Staff Cost</div> </tD> <tD VALIGN=TOP WIDTH="116"><div> 6.82</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 6.74</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 18.02</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 15.50</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 25.98</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> d)  Other Expenditure</div> </tD> <tD VALIGN=TOP WIDTH="116"><div> 22.86</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 23.12</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 80.06</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 34.56</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 89.96</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 3</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Interest</div> </tD> <tD VALIGN=TOP WIDTH="116"><div> 0.11</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 0.32</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.04</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 351.84</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 4</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Depreciation</div> </tD> <tD VALIGN=TOP WIDTH="116"><div> 30.52</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 31.96</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 92.92</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 96.82</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 129.19</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 5</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Profit before Tax</div> </tD> <tD VALIGN=TOP WIDTH="116"><div> 10.23</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 174.12</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 79.26</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 497.17</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 109.22</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> (1+2-3-4)</div> </tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 6</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Provision for Taxation</div> </tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div>  </div> </tD> <tD VALIGN=TOP WIDTH="269"><div> A)Income Tax</div> </tD> <tD VALIGN=TOP WIDTH="116"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 16.24</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> b)  Deffered Tax</div> </tD> <tD VALIGN=TOP WIDTH="116"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 14.77</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> c)  Fringe Benefit Tax</div> </tD> <tD VALIGN=TOP WIDTH="116"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 0.14</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 7</div> </tD> <tD VALIGN=TOP><NOBR><div> Excess provisions Written back</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="116"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 28.20</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 8</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Net Profit  (5-6+7)</div> </tD> <tD VALIGN=TOP WIDTH="116"><div> 10.23</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 174.12</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 79.26</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 497.17</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 106.27</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 9</div> </tD> <tD VALIGN=TOP><NOBR><div> Paid up Equity Share Capital</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="116"><div> 989.80</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 989.80</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 989.80</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 989.80</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 989.21</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 10</div> </tD> <tD VALIGN=TOP><NOBR><div> Reserves (Excluding Revaluation</div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>                   -   </div> </NOBR></tD> <tD VALIGN=TOP WIDTH="136"><div>                   -   </div> </tD> <tD VALIGN=TOP><NOBR><div>                   -   </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>                   -   </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>          1,895.53 </div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> Reserves) as per Balance Sheet</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> of previous accounting year</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 11</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Basic and diluted EPS</div> </tD> <tD VALIGN=TOP WIDTH="116"><div> 0.10</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 1.74</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 0.79</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 4.97</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 1.06</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> (Not Annualised) - (Rs.)</div> </tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="55"><div> 12</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Aggregate of Non-Promoters Shareholding :</div> </tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> Number of Shares</div> </tD> <tD VALIGN=TOP WIDTH="116"><div> 2595300</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 2595300</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 2595300</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 2595300</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 2595300</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> Percentage of Shareholding</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="116"><div> 25.95</div> </tD> <tD VALIGN=TOP WIDTH="136"><div> 25.95</div> </tD> <tD VALIGN=TOP WIDTH="115"><div> 25.95</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 25.95</div> </tD> <tD VALIGN=TOP WIDTH="111"><div> 25.95</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="55"><div> <B>Note</B></div> </tD> <tD VALIGN=TOP WIDTH="269"><div> <B>:</B></div> </tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 1</div> </tD> <tD VALIGN=TOP COLSPAN=6><NOBR><div> Previous year figures have been regrouped/rearranged wherever considered necessary.</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 2</div> </tD> <tD VALIGN=TOP ROWSPAN=2 COLSPAN=6><NOBR><div> During the quarter 5 complaints were received and all of them were resolved to the satisfaction of the complainants.</div> <div> No complaints were pending at the end of the quarter.</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><div> 3</div> </tD> <tD VALIGN=TOP ROWSPAN=2 COLSPAN=6><NOBR><div> The above financial results have been reviewed by auditor & approved/taken on record by the Board of Directors of </div> <div>  the Company at their meeting held on 30th April 2007.</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="55"><div> 4</div> </tD> <tD VALIGN=TOP COLSPAN=6><NOBR><div> Provision for Income Tax, Deferred Tax, Fringe Benefit Tax will be made at the end of the year.</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP COLSPAN=2><NOBR><div> For & on behalf of the Board of</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP COLSPAN=2 WIDTH="255"><div> <B>Morgan Ventures Ltd.</B></div> </tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 ><NOBR><div> Date   </div> </NOBR></tD> <tD VALIGN=TOP WIDTH="269"><div> :   30.04.2007</div> </tD> <tD VALIGN=TOP COLSPAN=4 WIDTH="484"><div> <B>                                                    ( S.C. GOYAL)</B></div> </tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 ><NOBR><div> Place </div> </NOBR></tD> <tD VALIGN=TOP WIDTH="269"><div> :  New Delhi.</div> </tD> <tD VALIGN=TOP COLSPAN=3><NOBR><div>                                                           Director</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="55"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="55" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="116"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="116" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="136"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="136" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="115" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="111"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="111" HSPACE="0" VSPACE="0"></tD> </tR> </TABLE></div> <bR> </td> </tr></table></body>