SATIN CREDITCARE NETWORK LIMITED
Regd. Office: 306, Lusa Tower, Azadpur Commercial Complex, Delhi-110 033
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED
30TH SEPTEMBER 2009
Particulars
For the
Quarter
ended
30.09.2009
Unaudited
Rs./Lacs
For the
Quarter
ended
30.09.2008
Unaudited
Rs./Lacs
For the
half year ended
30.09.2009
Unaudited
Rs./Lacs
For the
half year
ended
30.09.2008
Unaudited
Rs./Lacs
For the
Year
ended 31.03.2009
Audited
Rs./Lacs
Income from Financing operations
682.93
380.80
1,264.61
691.36

1,735.94
Other Income/(Loss)
0.31
0.19
1.12
0.66
7.48
Total Income from operations
683.24
380.99
1,265.73
692.02
1,743.42
Expenditure
0
0
 0 0
0
Cost of Borrowing
299.78
191.20
573.29
351.24
815.62
Personnel Cost
109.59
42.51
201.83
77.50
198.34
Direct Operational Expenses
67.64
74.50
142.44
133.33
321.75
Legal & Professional Charges
37.54
24.94
52.33
39.48
81.31
Administrative & Other Expenses
79.34
36.05
145.56
66.79
174.61
Gross Profit (Before Depreciation & Tax)
89.35
11.79
150.28
23.68
151.79
Depreciation & Misc. Expenditure
10.01
8.00
19.27
15.08
35.08
Profit Before Tax
79.34
3.79
131.01
8.60
116.71
(Provision for Taxation (Iincluding Deferred Tax)/FBT
28.79
3.31
44.54
4.52
41.69
Profit after Tax
50.55
0.48
86.47
4.08
75.02
Paid up Equity Share Capital
1,017.51
885.51
1,017.51
885.51
885.51
(Face value of each equity share -Rs.10/-)
0
0
0
0
0
Reserve excluding Revaluation Reserves
0
0
 0 0
705.93
Basic EPS (Rs.)
0.50
0.01
0.87
0.05
0.85
Diluted EPS (Rs.)
0.50
0.01
0.85
0.04
0.74
Aggregate of non promoters shareholding
1
1
 1 1
1
- No. of shares
4,276,290
2,956,290
4,276,290
2,956,290
2,956,290
- % of shareholding
42.12
33.47
42.12
33.47
33.47
Promoters and Promoter group shareholding
          
- Pledged / Encumbered
          
- Number of shares
 Nil Nil Nil Nil Nil
- Percentage of shares (as a % of the total
Nil Nil Nil Nil Nil
shareholding of Promoter and Promoter group)
          
- Percentage of shares (as a % of the total share capital of the Company)
 Nil Nil Nil Nil Nil
- Non -encumbered
          
- Number of shares
 5,875,389 5,875,389 5,875,389 5,875,389 5,875,389.00
- Percentage of shares (as a % of the total shareholding of Promoter and Promoter group)
 100.00% 100.00% 100.00% 100.00% 100.00%
- Percentage of shares (as a % of the total share capital of the Company)
 57.88 66.53 57.88 66.53 66.53%

Notes :

  1. The above results were placed and approved at the meeting of the Board of Directors held on 31st October, 2009 after they were approved by the Audit committee.

  2. The Company has received approval from shareholders for issue of 4,31,648 equity shares to person in the Non Promoter category 5,00,000 Fully Convertible Warrants to Promoter group and 4,25,000 equity shares as ESOP on 01.06.2009. The Company is in the process of taking ncessary approval from the stock exchanges for allotment of above mentioned shares / warrants.

  3. The Auditors of the Company have carried out the "Limited Review" of the above Unaudited Financial Results and there are no adverse comments.

  4. 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..

  5. 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.

  6. Previous year/periods figures have been regrouped/rearranged to make them comparable to current year/period figures.
   
By order of the Board of Directors
For Satin Creditcare Network Limited
Place: Delhi
Dated: 31.10.2009
  
   

H P Singh
Chairman Cum Managing Director

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