| Particulers |
Quarter
Ended 31/03/99 |
Year
Ended 31/12/98 |
|
Net Sales |
14334 |
50049 |
 |
| Other
Income |
23 |
141
|
|
|
Total Expenditure |
13690 |
47976 |
|
|
Interest |
304 |
1046 |
|
| Gross
Profit after Interest but before Depreciation and Taxation |
363 |
1168 |
|
|
Depreciation |
146 |
420 |
|
|
Profit before Extraordinary Items |
217 |
748
|
|
| Extraordinary
Items |
|
|
|
|
-Provision for contingencies written back |
-- |
455- |
|
|
-Payment under Voluntary Retirement Scheme |
-- |
(440)
|
|
| Profit
after Extraordinary Items |
217 |
763 |
|
|
Provision for Taxation |
-- |
245 |
|
|
Net Profit after Taxation |
217 |
528 |
|
|
--------------------------------------------------
|
--------- |
--------- |
|
| Paid
up Equity Share Capital |
699 |
699
|
|
|
Reserves excluding Revaluation Reserve |
11142 |
11142 |
|
| 1. |
The
Company has completed a programme for upgradation and increase
in capacities at all its manufacturing facilities. |
| 2. |
Y2K
Preparedness: |
| a) |
The
Company has been assessing its key systems and suppliers and
making corrections, repairs, contingency plans as necessary
and it believes it will not be materially impacted by Y2K problems
in its own systems and is maintaining a continuous and elaborate
follow up with the suppliers of critical materials and services
and public utility providers as to the status of their Y2K compliance.
|
| b) |
The
Company has budgeted approx Rs. 250 lakhs for Y2K compliance.
|
| 3. |
The
Board of Directors at its meeting held on 25th February, 1999,
approved a rights issue of equity shares in the ratio of 3 new
equity shares for 5 equity shares at a price of Rs. 175/- per
share. |
| 4. |
The
above results were taken on record by the Board of Directors
of the Company at the Meeting held on 23rd April, 1999. |
| |
For
KODAK INDIA LIMITED
H. Dhanrajgir
Managing Director
|
