AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 2010
							(Rs. In Lakhs)
Sl.	Particulars		Quarter Ended			Year  Ended
No			31/03/2010		31/03/2009	31/03/2010	31/03/2009
			(Unaudited)		(Unaudited)	(Audited)	(Audited)
1	(a) Net Sales/ Income from Operations		650.12		805.07	2,694.48	2,887.85
	(b) Other Operating Income		-		-	-	-
2	Expenditure
	a. Increase /decrease in stock in trade and  work in progress		(33.12)		83.85	(131.44)	225.42
	b. Consumption of raw materials		419.34		530.45	1,956.66	2,091.94
	c. Employees cost		107.33		106.21	339.87	330.61
	d. Depreciation		24.56		23.87	98.54	97.43
	e. Other expenditure		88.33		34.58	342.39	226.51
	f. Total		606.44		778.96	2,606.01	2,971.92
3	Profit from Operations before Other income, interest and Exceptional Items (1-2)		43.68		26.11	88.46	(84.07)
4	Other Income		0.63		6.97	7.85	71.98
5	Profit before Interest and Exceptional Items (3+4)		44.30		33.08	96.32	(12.09)
6	Interest		48.61		56.29	185.73	203.67
7	Profit after Interest but before exceptional items (5-6)		(4.31)		(23.21)	(89.41)	(215.76)
8	Exceptional Items		0.14		0.31	1.51	(1.89)
9	Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8)		(4.45)		(23.53)	(90.92)	(213.87)
10	Tax expense		2.00		(21.67)	(27.42)	(104.14)
11	Net Profit (+)/ Loss (-) from** Ordinary Activities after tax   (9-10)		(6.44)		(1.85)	(63.50)	(109.72)
12	Extraordinary items		-		-	-	-
13	Net Profit (+)/ Loss (-) for the period (11-12)		(6.44)		(1.85)	(63.50)	(109.72)
14	Paid – Up equity share capital (Face value of the share shall be indicated)		609.60		609.60	609.60	609.60
15	Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year		-		-	-	89.45
	Earnings Per Share (EPS) a) Basic and diluted EPS before Extradordinary items for the period for the year to date and for the previous year (not to be annualised)		(0.01)		(0.00)	(0.10)	(0.18)
16	b) Baic and diluted EPS after  Extraordinary items for the period, for the year to date and for the previous year (not to be annualised)		(0.01)		(0.003)	(0.10)	(0.18)
	Public shareholding - Number of shares		3,635,787		3,695,437	3,635,787	3,695,437
17	- Percentage of shareholding		59.64%		60.62%	59.64%	60.62%
18	Promoters and promoter group Shareholding **
	a) Pledged/Encumbered - Number of shares		-		-	-	-
	- Percentage of shares (as a % of the total shareholding of promoter and promoter group)		Nil		Nil	Nil	Nil
	- Percentage of shares (as a% of the total share capital of the company)		100%		100%	100%	100%
	b) Non-encumbered - Number of Shares		2,460,213		2,400,563	2,460,213	2,400,563
	- Percentage of shares (as a% of the total shareholding of promoter and promoter group)		Nil		Nil	Nil	Nil
	- Percentage of shares (as a % of the total share capital of the company)		40.36%		39.38%	40.36%	39.38%
** After adjusting prior period items
Notes :
1.		The above results were reviewed by the Audit Committee at its meeting held on 27th May, 2010 and approved and taken on record by the Board of Directors at its meeting held on 27th May, 2010.
2.		The Company being engaged in manufacture of packing materials has single segment in terms  of  Accounting standard (AS) 17 “Segment Reporting”
3.		Previous year’s figures have been rearranged/regrouped wherever necessary.
4.		No investors’ complaint was pending either at the beginning or at the end of the Quarter. Further no investor’s  complaint has been received during the Quarter
5.		The Board has not recommended any dividend for the year 2009-10.
6		Dues of the sales Tax, and Excise Duty which have not been not been deposited on account of dispute and forum where the dispute is pending are as under:
S.No		Name of the Statue              Nature of Dues	Pertaining	Amount (Rs.)		Pertaining	Present Status
i.		Sales Tax                          Sales Tax Demand	1994-1995	825,477		1994-1995	On Appeal the case was remanded to the Assessing Officer
ii.		Sales Tax                          Sales Tax Demand	1995-1996	353,788		1995-1996
iii.		Sales Tax                          Sales Tax Demand	1997-1998	128,925		1997-1998
iv.		Sales Tax                          Sales Tax Demand	2001-2002	80,755		2001-2002
v.		Central Excise                   Excise Duty Demand	2007-2008	218,870		2007-2008	Appeal pending with The Assistant Commissioner of Central Excise, Chennai
vi.		Central Excise                   Excise Duty Demand	2008-2009	412,853		2008-2009
				for and on behalf of the Board
Place : Chennai				G.RADHAKRISHNA
Date  : 27.05.2010				MANAGING DIRECTOR