AUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS
ENDED 31.12.2004 OF THE HOLDING COMPANY SYNERGY LOG-IN SYSTEMS LTD.
(Rs. IN LAKHS)
S.NO PARTICULARS SECOND QUARTER ENDED
31.12.2004
(1) 		SECOND QUARTER ENDED
31.12.2003
(2) 		SIX MONTHS ENDED
31.12.2004
(3)		 SIX MONTHS ENDED
31.12.2003
(4)		  PREVIOUS YEAR ENDED
30.06.2004
(5)
1 NET SALES/INCOME FROM OPERATIONS 121.48 232.50 226.97 428.49 911.99
2 OTHER INCOME 84.79 0.10 85.19 2.42 1.56
3 TOTAL 206.27 232.60 312.16 430.91 913.55
4 TOTAL EXPENDITURE          
  (A) STAFF COST 108.04 116.95 207.89 240.31 480.87
  (B) OTHER EXPENSES & PROVISIONS 118.18 99.85 183.15 159.89 362.16
5 YEAR AND ADJUSTMENT - - - - 15.88
6 INTEREST  1.27 0.43 1.27 0.43 0.93
7 DEPRECIATION 3.72 22.24 7.44 50.48 80.62
8 PROFIT(+)/LOSS(-) BEFORE TAX(3-4-5-6-7) (24.94) (6.87) (87.59) (20.20) (26.91)
9 PRIOR YEAR EXPENSES - 7.43 - 7.46 7.47
10 PROVISION FOR TAXATION - - - - -
11 NET PROFIT(+)/LOSS(-) (8-9-10)) (24.94) (14.30) (87.59) (27.66) (34.38)
12 PAID-UP EQUITY SHARE CAPITAL  657.11 1,629.28 657.11 1,629.28 657.11
13 RESERVES EXCLUDING REVALUATION RESERVES (AS PER BALANCE SHEET) OF PREVIOUS ACCOUNTING YEAR TO BE GIVEN IN COLUMN (5)         583.65
14 BASIC AND DILUTED EPS (IN Rs) FOR THE PERIOD, FOR THE YEAR TO DATE AND FOR THE PREVIOUS YEAR  
(NOT TO BE ANNUALIZED ) 		(0.38) (0.04) (1.33) (0.12) (0.41)
15 AGGREGATE OF NON- PROMOTERS SHARE HOLDING
- NO OF SHARES 
-PERCENTAGE OF SHARE HOLDING 		        4788662
73.48

Notes
1 The above Statement of audited financial results was taken on record by the Board of Directors at their Meeting held on 4th   February 2005. Figures have been regrouped wherever necessary.
2 Provisions:
- No provision has been made for Income Tax as there was no liability.
3 The Audit Committee has reviewed the financial results.
4 During the quarter ending 31.12.04 the Company has sold the minority interest shares held in Sella Synergy India Limited to its Joint Venture partner Banca Sella and the other income includes the net profit on sale of the above shares less related costs amounting to Rs.84.77 lacs.
5 In accordance with clause 41 of the Listing Agreement we report that the status of Investors compliant for the period from 01.10.2004 to 31.12.2004 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
- - - - -
   
   
  For and on behalf of the Board of
SYNERGY LOG-IN SYSTEMS LIMITED

 
Place : Chennai V.SANJAY KUMAR
Date   : 4th February 2005 MANAGING DIRECTOR
 
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