Dear Friends, Kindly find enclosed the latest results of Eureka forbes. Forbes And company holds 100% equity of eureka forbes.Check the consolidated annual reports for the same.EPS JUST FROM EUREKA FORBES COMES TO AROUND 20RS PER SHARE.Moreover forbes is present in logistics,automation and Real estate.Company has valued reality at cost on its latest balance sheet.Do remember that apart from the 2000crs swadeshi mills land(Company owns 22% stake and its under liquidation) company also owns valuable real estate through India.I will attach the annual report shortly for your reference.It is to be noted that some days before edelweiss has initiated coverage on Water as a theme.Its only time before Forbes is covered by brokerages.The Directors are pleased to submit their report and the audited accounts of the company for the year ended 31st March, 2008.FINANCIAL RESULTS :ParticularsCurrent Year(2007-08)RupeesPrevious Year(2006-07)RupeesSales and Other Income8,13,63,14,9037,39,98,67,154Profit before Depreciation49,94,21,23747,95,68,457Less : Depreciation9,43,06,3779,00,27,767Profit before Tax and Extraordinary Items40,51,14,86038,95,40,690Extraordinary Items2,67,96,385-Profit before Tax37,83,18,47538,95,40,690Less : Provision for Current, Fringe Benefit and Deferred Tax13,90,22,28814,04,03,806Profit after Tax 23,92,96,18724,91,36,884Less: Prior year's Tax adjustments (Net)2,08,356-Profit after Tax and prior years' adjustments 23,90,87,83124,91,36,884Add : Balance brought forward from previous year18,03,41,68612,89,86,712Amount available for appropriation41,94,29,51737,81,23,596APPROPRIATIONS :Interim Dividend6,39,00,0006,39,00,000Proposed Final Dividend4,26,00,0002,13,00,000Tax on Dividend1,80,99,6751,25,81,910Transferred to General Reserve10,00,00,00010,00,00,000Balance carried to Balance Sheet19,48,29,84218,03,41,686Rs. 8 billion multi-product, multi-channel corporation - part of the Shapoorji Pallonji GroupOperating in over 100 cities with over 6,000 employeesPioneers & leaders in water purification systems, vacuum cleaners & air purifiersPioneers in direct selling - Asia's largest direct sales organisation - 6,000 strong direct sales force touches 1.50 million Indian homes, adding 1,500 customers dailyCustomer family now numbers over 6 million - enduring relationships as ''Friends for Life''Expanded channels that reach out to customers to includeA 3,800 strong dealer sales networkA 58 distributor strong institutional sales networkA security systems divisionA strong service network backs up sales efforts - 4000 company trained technicians make 15,000 kitchen visits daily, supported by call centers, customer care representatives & mobile service vans24 hour helpline for customers - EurohelplineA customer finance scheme, Eurovalue, for customers to easily obtain the means to live healthier livesEuroclean Vacuum Cleaners - India's Largest Selling Vacuum cleaners with over 2.5 million satisfied customers Already expanded into 450 smaller towns through franchised direct operationsRanked among India's Most Admired Consumer Durable Companies & Best Employers (3 times in a row), Winner of 'MAKE' Awards and a case study at the prestigious Harvard Business School--T.T.T(THE TECH TRADERS)"Derivatives are financial instruments of mass destruction" – Warren BuffetT.T.T(THE TECH TRADERS)
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