UNAUDITED FINANCIAL RESULTS(PROVISIONAL) FOR THE QUARTER AND NINE MONTHS ENDED 31.03.2004 OF THE HOLDING COMPANY SYNERGY LOG-IN SYSTEMS LTD.
(RS. IN LAKHS)
S.NO PARTICULARS THIRD QUARTER ENDED 31.03.2004
(1) 		THIRD QUARTER ENDED
31.03.2003
(2) 		NINE MONTHS ENDED
31.03.2004
(3) 		NINE  MONTHS ENDED
31.03.2003
(4) 		PREVIOUS YEAR ENDED
30.6.2003
(5)
1 NET SALES/INCOME FROM OPERATIONS 243.04 228.60 671.53 804.34 982.53
2 OTHER INCOME 0.15 1.63 2.57 18.53 30.17
3 TOTAL 243.19 230.23 674.10 822.87 1,012.70
4 TOTAL EXPENDITURE  
  (A) STAFF COST 108.76 132.97 349.07 343.71 468.57
  (B) OTHER EXPENSES 89.71 107.13 249.60 200.45 283.76
  (C) LOSS ON SALE OF FIXED ASSETS - - - - 1.17
  (D)LOSS ON SALE OF INVESTMENTS - - - - 3.61
  (E) PROVISION FOR IMPLEMENTATION EXPENDITURE - - 30.00 -
5 YEAR AND ADJUSTMENTS - - - 30.56
6 INTEREST - 1.39 0.43 1.39 4.53
7 DEPRECIATION 22.25 11.30 72.73 124.10 141.95
8 PROFIT(+)/LOSS(-) BEFORE TAX(3-4-5-6-7) 22.47 (22.56) 2.27 123.22 78.55
9 PRIOR YEAR EXPENSES - - 7.46 - 5.42
10 ADD: PRIOR YEAR INCOME - - - - 12.77
11 PROVISION FOR TAXATION - - - - -
12 NET PROFIT(+)/LOSS (-)  (8-9+10+11) 22.47 (22.56) (5.19) 123.22 85.90
13 PAID-UP EQUITY SHARE CAPTIAL   1,629.28 1,629.28 1,629.28 1,629.28 1,629.28
14 RESERVES EXCLUDING REVALUATION RESERVES (AS PER BALANCE SHEET OF PREVIOUS ACCOUNTING YEAR TO BE GIVEN IN COLOUMN(5) - - - - 1,226.10
15 BASIC AND DILUTED EPS (IN RS) FOR THE PERIOD, FOR THE YEAR TO DATE AND FOR THE PREVIOUS YEAR ( NOT TO BE ANNUALISED) 0.14 (0.14) 0.01 0.76 0.48
16 AGGREGATE OF NON-PROMOTERS SHAREHOLDING
-NUMBER OF SHARES
-PERCENTAGE OF SHAREHOLDING 		         

Notes
1 The above Statement of unaudited financial results was taken on record by the Board of Directors at their Meeting held on 28th   April 2004. Figures have been regrouped wherever necessary. The expense heads classification has been changed in the consolidated accounts and hence the figures for 2003 and 2004 ( 9 months) are not comparable.
2 The Company has obtained 2 significant orders in SriLanka from Bank of Ceylon and Hatton National Bank for its Treasury product ITMS.
3 Provisions:

- No provision has been made for Income Tax as there was no liability.  

- For Product Amortization, the policy has been changed to provide for the full year Depreciation for products sold in the  relevant  quarter itself rather than on a prorata basis. 
4 Audit committee has reviewed the unaudited financial results.
5 In accordance with clause 41 of the Listing Agreement status of Investors compliant received through SEBI, Stock Exchanges, Direct holders and Company for the period from 01.01.2004 to 31.03.2004 is as follows:

Pending at the beginning of the quarter Received during the quarter Redressed during the quarter Pending at the end of the quarter TOTAL
NIL NIL NIL NIL NIL
   
   
  For and on behalf of the Board of
SYNERGY LOG-IN SYSTEMS LIMITED

 
Place : Chennai V.SANJAY KUMAR
Date   : 28th April 2004 MANAGING DIRECTOR
 
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