SATIN CREDITCARE NETWORK LIMITED
Regd. Office: 306, Lusa Tower, Azadpur Commercial Complex, Delhi-110 033
UNAUDITED FINANCIAL RESULTS L) FOR THE QUARTER ENDED
30TH SEPTEMBER 2008
Particulars
For the
Quarter
ended
30.09.2008
Unaudited
Rs./Lacs
For the
Quarter
ended
30.09.2007
Unaudited
Rs./Lacs
For the
half year
ended
30.09.2008
Unaudited
Rs./Lacs
For the
half year
ended
30.09.2007
Unaudited
Rs./Lacs
For the
Year
ended 31.03.2008
Audited
Rs./Lacs
Income from Financing operations
280.80
283.02
691.36
491.23

1,086.57

Other Income/(Loss)
0.19
0.19
0.66
0.33
12.90
Total Income from operations
280.99
283.21
692.02
491.56
1,099.47
Expenditure
0
0
 0 0
0
Cost of Borrowing
191.20
113.91
351.24
195.67
482.82
Personnel Cost
42.51
29.74
77.50
62.05
125.28
Direct Operational Expenses
74.50
59.83
133.33
104.98
229.13
Legal & Professional Charges
24.94
13.88
39.48
25.02
45.95
Administrative & Other Expenses
36.05
36.93
66.79
53.50
113.59
Gross Profit (Before Depreciation & Tax)
11.79
29.46
23.68
50.34
102.70
Depreciation & Misc. Expenditure
8.00
3.11
15.08
5.30
18.32
Profit Before Tax
3.79
26.35
8.60
45.04
84.38
Provision for Taxation (Including Deferred Tax)
2.41
8.74
3.22
16.49
29.92
Provision for Fringe Benefit Tax
0.90
0.70
1.30
1.20
3.31
Profit after Tax
0.48
16.91
4.08
27.35
51.15
Paid up Equity Share Capital
885.51
653.67
885.51
653.67
885.51
(Face value of each equity share -Rs.10/-)
0
0
0
0
0
Reserve excluding Revaluation Reserves
0
0
 0 0
629.48
Basic EPS (Rs.)
0.01
0.26
0.05
0.42
0.77
Diluted EPS (Rs.)
0.01
0.26
0.04
0.42
0.75
Aggregate of non promoters shareholding
1
1
 1 1
1
- No. of shares
2,956,290
1,637,790
2,956,290
1,637,790
2,956,290
- % of shareholding
33.474
25.146
33.474
25.146
33.474

Notes :

  1. The above results were placed and approved at the meeting of the Board of Directors held on 31st October, 2008 after they were approved by the Audit committee.

  2. The Company has expanded the operations in new geographies and offered new financial products during the quarter/half year ended 30.09.2008. The initial start up / expansion cost has been charged to the Profit & Loss account of the period in ehich the same was incurred.

  3. The Company's operations fall under single segment i.e. Microfinance operations and hence segment reporting as defined in Accounting Standard -17 is not applicable.

  4. During the quarter the Company did not receive any complaint from the investors. No complaints were pending either at the beginning or at the end of the quarter.

  5. Previous year/periods figures have been regrouped/rearranged to make them comparable to current year/period figure.
   
By order of the Board of Directors
For Satin Creditcare Network Limited
Place: Delhi
Dated: 31.10.2008
  
SD/-
   

H P Singh
Chairman Cum Managing Director