AUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED 31st March 2008
					(Rs. In Lakhs)
Sl.No	Particulars	Three months ended		Year  Ended
		3/31/2008	3/31/2007	3/31/2008	3/31/2007
		(Audited)	(Audited)	(Audited)	(Audited)
1	Net Sales	972.91	893.25	3,684.26	2,942.70
2	Other Income	84.30	3.33	103.67	5.70
3	Total Income (1+2)	1,057.21	896.58	3,787.94	2,948.40
4	Total Expenditure
	a) (Increase)/Decrease in stock in Trade	(68.77)	(96.39)	100.61	(300.93)
	b) Consumption of Raw Materials	782.12	737.63	2,610.59	2,407.06
	c) Purchase of Traded goods	-	-	-	-
	d) Employees Cost	59.99	46.49	202.79	186.64
	e) Depreciation	24.24	25.41	98.56	99.05
	f) Other Expenditure	149.72	118.20	450.23	360.35
	g) Total	947.30	831.34	3,462.78	2,752.17
5	Interest	58.97	48.48	202.09	187.68
6	Expectional Items	-	-	-	-
7	Profit(+)/Loss(-) from ordinary activities before tax (3)-(4+5+6)	50.94	16.75	123.06	8.56
8	Tax Expense	0.72	6.34	33.61	6.19
9	Net Profit(+)/Loss(-) from ordinary activities after tax (7-8)	50.22	10.41	89.45	2.37
10	Extraordinary items (Net of tax expense Rs.)	68.85	-	68.85	-
11	Net profit(+)/Loss(-) for the period (9-10)	(18.63)	10.41	20.60	2.37
12	Paid Up Equity Share Capital (Face Value:Rs.10/- per Share)	609.60	609.60	609.60	609.60
13	Reserves Excluding Revaluation Reserves as per balance sheet of previous year	-	-	38.60	36.23
14	Earnings per Share (EPS)
	a) Basic and diluted EPS before Extraordinary items for the period, for the year to date and for the previous year (not annualised)	(0.31)	0.17	0.34	0.04
	b) Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year (not annualised)	(0.31)	0.17	0.34	0.04
15	Public Shareholding
	Number of Shares	3621737	3625737	3621737	3625737
	Percentage of Holding	59.41	59.48	59.41	59.48
* Not Annualised
Notes :
1.	The above results were reviewed by the Audit Committee at its meeting held on 28th June 2008 and approved
	and taken on record by the Board of Directors at its meeting held on 28th June 2008.
2.	The Company operates in a single primary business segment namely manufacture of "Packing Materials".
3.	Previous Year's figures were regrouped wherever necessary.
4.	Details of Investor complaints for the quarter ended 31st March 2008: beginning - Nil;
	received - Nil; disposed off - Nil and ending - Nil.
5	The Board has not recommended any dividend for the year 2007 - 2008.
6	Dues of the Sales Tax, Income-Tax and Excise Duty which have 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		Amount (Rs.)	Pertaining	Present Status
i.	Sales Tax                                Sales Tax Demand		825,477	1994-1995	On Appeal the case was remanded to the Assessing Officer
ii.	Sales Tax                                Sales Tax Demand		353,788	1995-1996
iii.	Sales Tax                                Sales Tax Demand		128,925	1997-1998
iv.	Sales Tax                                Sales Tax Demand		80,755	2001-2002
v.	Central Excise                      Excise Duty Demand		370,589	2004-2005	The Assistant Commissioner of Central Excise, Chennai
			for and on behalf of the Board
Place  :	Chennai		DR. G.V. CHALAPATHI
Date  :	28.06.08		MANAGING DIRECTOR