Dec. '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> </tR> <tR> <tD VALIGN=TOP COLSPAN=7 HEIGHT= 19 WIDTH="869"><div> Unaudited Financial Results (Provisional) For The Quarter Ended 31st Dec'2007</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div>                                                                            (Rs. in lacs unless otherwise stated)</div> </tD> <tD VALIGN=TOP WIDTH="98"><div>  </div> </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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><div> (Rs. In lacs)</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="50"><div> <B>Sl.</B></div> </tD> <tD VALIGN=TOP WIDTH="269"><div> <B>Particulars</B></div> </tD> <tD VALIGN=TOP WIDTH="98"><div> <B>3months</B></div> </tD> <tD VALIGN=TOP><NOBR><div> <B>Corresponding</B></div> </NOBR></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="130"><div> <B>Previous</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="50"><div> No.</div> </tD> <tD VALIGN=TOP WIDTH="269"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="269" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><div> Ended</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 3 months Ended</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> figure for</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> figure for</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> Accounting</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" 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><NOBR><div> 31.12.2007</div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> in the previous </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> current period</div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> previous year</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="130"><div> Year Ended</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><div> year</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> ended</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> ended</div> </tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="50" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><div> <B>31.12.2006</B></div> </tD> <tD VALIGN=TOP><NOBR><div> <B>31.12.2007</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B>31.12.2006</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="130"><div> <B>30.06.2007</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" 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><NOBR><div> (Unaudited)</div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> (Unaudited)</div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> (Unaudited)</div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> (Unaudited)</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="130"><div> (Audited)</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><div> 1</div> </tD> <tD VALIGN=TOP><NOBR><div> Net Sales/Income From Operations</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="98"><div> 171.37</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 141.59</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 289.89</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 256.34</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 2359.13</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><div> 2</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Other Income</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 3.34</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 3.36</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 0.00</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><div> 3</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Total Income (1+2)</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 174.71</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 141.59</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 293.25</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 256.34</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 2359.13</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><div> 4</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Expenditure</div> </tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> a)  (Increase)/Decrease in Stock in Trade</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 92.61</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 56.30</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 94.21</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 56.30</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 1504.16</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> b)  Purchase of Securities</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 0.00</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> c)  Purchase of Traded Goods</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 0.00</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> d)  Employee Cost</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 8.83</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 6.53</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 15.42</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 11.20</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 33.49</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> e)  Depreciation</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 30.06</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 31.20</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 60.12</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 62.40</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 123.79</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> f)   Other Expenditure</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 42.79</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 36.04</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 57.06</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 57.20</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 150.41</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> g)  Total</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 174.29</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 130.07</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 226.81</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 187.10</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 1811.85</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><div> 5</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Interest</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 58.80</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.12</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 59.96</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.21</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 284.22</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><div> 6</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Exceptional Item</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 0.00</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="50"><div> 7</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Profit (+)/ Loss (-) from Ordinary Activities before tax (3)-(4+5+6)</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> -58.38</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 11.40</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 6.48</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 69.03</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 263.06</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><div> 8</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Tax expense</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> -25.34</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="50"><div> 9</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Net Profit  (+)/ Loss (-) from ordinary Activities after tax (7-8)</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> -58.38</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 11.40</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 6.48</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 69.03</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 288.40</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="50"><div> 10</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Extra ordinary tems (net of tax expense Rs.</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 0.00</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="50"><div> 11</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Net Profit (+)/Loss(-) for the period (9-10)</div> </tD> <tD VALIGN=TOP><NOBR><div>             (58.38)</div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>                 11.40 </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>                6.48 </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>              69.03 </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>                    288.40 </div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><div> 12</div> </tD> <tD VALIGN=TOP><NOBR><div> Paid up Equity Share Capital</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="98"><div> 989.85</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 989.81</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 989.85</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 989.81</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 989.84</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> (Face value of the share shall be indicated)</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 10.00</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 10.00</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 10.00</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 10.00</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 10.00</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 57 WIDTH="50"><div> 13</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Reserves excluding Revaluation Reserve as per balancesheet of previous year</div> </tD> <tD VALIGN=TOP><NOBR><div>                   -   </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>                      -   </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>                   -   </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>                   -   </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>                 1,880.05 </div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><div> 14</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Earning per share (EPS)</div> </tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 96 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="96" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> a) Basic and diluted EPS before Extraordinary items for the period, for the year to date and for the year to date and for the previous year (not to be annualized)</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> -0.58</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.11</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.06</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.69</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 2.88</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 96 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="96" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> b) Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the year to date and for the previous year (not to be annualized)</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> -0.58</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 0.11</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.06</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 0.69</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 2.88</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><div> 15</div> </tD> <tD VALIGN=TOP WIDTH="269"><div> Public Shareholding </div> </tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="269"><div> Number of Shares</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 2595300</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 2595300</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 2595300</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 2595300</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 2595300</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> Percentage of Shareholding</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="98"><div> 25.95</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 25.95</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 25.95</div> </tD> <tD VALIGN=TOP WIDTH="98"><div> 25.95</div> </tD> <tD VALIGN=TOP WIDTH="130"><div> 25.95</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="50"><div> <B>Note</B></div> </tD> <tD VALIGN=TOP WIDTH="269"><div> <B>:</B></div> </tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="98" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="50"><div> 1</div> </tD> <tD VALIGN=TOP COLSPAN=4 WIDTH="582"><div> Previous year figures have been regrouped/rearranged wherever considered necessary.</div> </tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="50"><div> 2</div> </tD> <tD VALIGN=TOP COLSPAN=6 WIDTH="816"><div> Status of Investors Complaints (Nos) : Opening Balance-NIL, Received during the quarter (01), Disposed off during the quarter(01)</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP COLSPAN=2><NOBR><div> Closing Balance as on December 31,2007 (NIL)</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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><div> 3</div> </tD> <tD VALIGN=TOP COLSPAN=6><NOBR><div> The above financial results have been reviewed by auditor & approved/taken on record by the Board of Directors of </div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP COLSPAN=2><NOBR><div>  the Company at their meeting held on  31th Jan 2008</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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" 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 </div> </NOBR></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="50" 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><NOBR><div> <B>Morgan Ventures Ltd.</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="50" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="98" 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><NOBR><div> <B>           Sd/-</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 ><NOBR><div> Date   </div> </NOBR></tD> <tD VALIGN=TOP WIDTH="269"><div> :  31.01.2008</div> </tD> <tD VALIGN=TOP COLSPAN=4><NOBR><div> <B>                                                     ( MEERA GOYAL)</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="130" 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=4><NOBR><div>                                                      Managing Director</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="50" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" 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="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="98" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="130"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="130" HSPACE="0" VSPACE="0"></tD> </tR> </TABLE></div> <bR> </td> </tr></table></body>