Onward Technologies signs global partnership agreement with Novell Inc.

Onward Technologies Ltd. has entered into a global partnership agreement with 'Novell Inc' USA- a $1.2 billion Fortune 500 Company. Through the global partnership agreement with Novell, Onward will provide consulting services to various business units of Novell in areas such as Net management, Net directory, Net content and thus support Novell customers. Novell is a leading provider of net software that delivers services to secure and power all types of networks across all leading platforms. Novell's Net Services provide the foundation for "one net" - a single global network that supports new applications & forms of business. Onward will assist Novell to offer Solutions that leverage Novell Directory Services through its expertise in assessment, design, planning, piloting & implementation. The Business Solution Offering (BSO) will include B to B Database Directory Integration, Global Directory Deployment, NDS Design for normal as well as e-business needs. The arrangement requires Onward to undertake and complete tasks with its on-site and off-shore capabilities across all Novell Products with a model code named DENIM (Directory Enabled Net Infrastructure Model) specially important in e-business environment. With the resources in its possession and the one's in the pipeline Onward will work closely with Novell in North America, Europe, Middle East and Asia Pacific. Onward has also signed up with Thomas Publishing Company, a well-known product information publishing company based at New York, USA for producing Computer Aided Design (CAD) Data. Thomas Register has a large database of products classified under more than 63,000 product & service categories and listings of over 1,58,000 companies. It has over 1 million Free CAD drawings as pre drawn parts from leading manufacturers. The projects from Thomas will be executed at Onward's newly set up Software Development Centre at Pune. Onwards wholly owned subsidiary in USA has also signed an agreement with Structural Dynamic Research Corporation (SDRC) Ohio, USA, to provide Technical, Professional services and related services to its clients in North America. Onward has been associated with SDRC for last 10 years. Currently Onward is helping large customers such as Ford Motor Company & its suppliers.

Pampasar Distillery Q1 net up 69.81%

Pampasar Distillery Ltd. has reported a profit of Rs 9 million for the quarter ended June 30, 2000, an increase of 69.81% as compared to a profit of Rs 5.3 million for the corresponding quarter of the previous year. Net sales for Q1 2000 stood at Rs 120.3 million, an increase of 11.08% as compared to net sales of Rs 108.3 million in Q1 1999. Other income for Q1 2000 stood at Rs 0.1 million, as compared to Rs 0.3 million in Q1 1999.

United Western Bank shareholders approve 1:5 bonus

The shareholders of United Western Bank Ltd., in the extra ordinary general meeting (EGM) held on August 7, 2000 at Satara passed the following resolutions for: 1. Amendment of the Articles of Association 2. Increase in Authorised Share Capital and 3. Issue of Bonus Shares in the ratio of one share for every five held. The bank had also planned issue of rights shares in the ratio 1:2 at a price of Rs 20/- per share. The Chairman withdrew this resolution at the EGM.

Polyplex Q1 net profit at Rs 15.1 million

Polyplex Corporation Ltd. has reported a profit of Rs 15.1 million for the quarter ended June 30, 2000 as compared to a loss of Rs 2.8 million for the corresponding quarter of the previous year. Net sales for Q1 2000 stood at Rs 236.2 million, an increase of 46.53% as compared to net sales of Rs 161.2 million in Q1 1999. Other income for Q1 2000 stood at Rs 0.2 million, remaining unchanged from the Q11999 level.

Robinson Impex to consider diversifying into Back Office Management activities

Robinson Impex (I) Ltd. has informed the BSE that a meeting of the Board of Directors of the Company has been convened on August 14, 2000 to carry out the following business: 1. To consider the reconstitution of the Board of Directors of the Company. 2. To consider issuance of Forfeiture Notice to the shareholders who have not paid the call money. 3. To consider diversifying the Company's activities to provide total service solutions with special involvement in primary networking of health service providers, independent physicians network and third party administrator services. The Company proposes to act as Back Office Management expert for healthcare related companies, Insurance companies, Banks, Provident Fund Organisations and Health Management Organisations with proprietary Administration and Management solutions. 4. To amend the object clause of the company to enable it to carry out the above activities.

Hotline Teletube Q4 net up 37.5%

Hotline Teletubes & Components Ltd. has reported a net profit of Rs 7.7 million for the quarter ended June 30, 2000, an increase of 37.5% as compared to a profit of Rs 5.6 million for the corresponding quarter of the previous year. Net sales for Q4 2000 stood at Rs 144.3 million, a decrease of 14.67% as compared to net sales of Rs 169.10 million in Q4 1999. Other income for Q4 2000 stood at Rs 2.5 million as compared to Rs 1.6 million in Q4 1999. Net profit for the year ended June 30, 2000 stood at Rs 0.2 million, a decrease of 91.67% as compared to net profit of Rs 2.4 million in the previous year. Net sales for FY 2000 stood at Rs 495.3 million a decrease of 18.39% over net sales of Rs 606.9 million in the previous year. Other income for FY 2000 stood at Rs 5.6 million as compared to Rs 1.9 million reported in the previous year.

Hotline Glass Q4 net down 11.54%

Hotline Glass Ltd. has reported a net profit of Rs 13.8 million for the quarter ended June 30, 2000, a decline of 11.54% as compared to a profit of Rs 15.6 million for the corresponding quarter of the previous year. Net sales for Q4 2000 stood at Rs 161.2 million, a decrease of 9.13% as compared to net sales of Rs 177.4 million in Q4 1999. Other income for Q4 2000 stood at Rs 3.9 million as compared to Rs 2.40 million in Q4 1999. Net profit for the year ended June 30, 2000 stood at Rs 23.3 million, an increase of 66.43% as compared to Rs 14 million in the previous year. Net sales for FY 2000 stood at Rs 628.1 million a decrease of 15.97% over net sales of Rs 747.5 million in the previous year. Other income for FY 2000 stood at Rs 13.6 million a decline of 86.3% over Rs 7.30 million reported in the previous year.

Walchandnagar Ind Q3 net up 70.3%

Walchandnagar Industries Ltd. has reported a net profit of Rs 17.2 million for the quarter ended June 30, 2000, as compared to Rs 10.1 million in the corresponding period of the previous year, an increase of 70.3%. Net sales for Q3 2000 stood at Rs 465.7 million, an increase of 32.34% over net sales of Rs 351.9 million in Q3 1999. Other income for Q3 2000 stood at Rs 1.4 million as compared to Rs 1.6 million in Q3 1999.

VDO India Q2 net profit at Rs 3.9 million

VDO India Ltd. has reported a net profit of Rs 3.9 million for the quarter ended June 30, 2000, as compared to a loss of Rs 4.70 million in the corresponding period of the previous year. Net sales for Q2 2000 stood at Rs 152.5 million, an increase of 44.2% over net sales of Rs 108.3 million in Q2 1999. Other income for Q2 2000 stood at Rs 4.60 million as compared to Rs 3.20 million in Q2 1999, a decline of 43.75%.

Ugar Sugar Q3 net at Rs 107.81 million

Ugar Sugar Works Ltd. has reported a net profit of Rs 107.81 million for the quarter ended June 30, 2000, as compared to Rs 4.93 million in the corresponding period of the previous year. Net sales for Q3 2000 stood at Rs 611.39 million, an increase of 75.87% over net sales of Rs 347.64 million in Q3 1999. Other income for Q3 2000 stood at Rs 5.23 million as compared to Rs 24.45 million in Q3 1999, a decline of 78.61%.

Trimline Investments to consider preferential issue

Trimline Investments Company Ltd. has informed the BSE that it is considering allotment of 9.3 million equity shares of Rs 10 each for cash at par on a preferential basis in accordance with SEBI's guidelines. The Board of Directors of the company will meet on August 14, 2000 to consider this issue.

Majestic Auto Q1 net loss higher by 110.17%

Majestic Auto Ltd. has reported a net loss of Rs 12.4 million for the quarter ended June 30, 2000 as compared to a loss of Rs 5.90 million in the corresponding quarter of 1999, an increase of 110.17%. Net sales for Q1 2000 stood at Rs 495.2 million as compared to net sales of Rs 391.6 million in Q3 1999, an increase of 26.46%. Other income in Q3 2000 was Rs 9.70 million, as compared to Rs 5.70 million in the corresponding period of the previous year.

IG Petro Q3 net loss down 28.81%

I G Petrochemicals Ltd. has reported a net loss of Rs 63.19 million for the quarter ended June 30, 2000 as compared to a loss of Rs 88.76 million in the corresponding quarter of 1999, a decrease of 28.81%. Net sales for Q3 2000 stood at Rs 602.72 million as compared to net sales of Rs 181.48 million in Q3 1999, an increase of 232.11%. Other income in Q3 2000 was Rs 2.22 million, as compared to Rs 0.58 million in the corresponding period of the previous year. The company's new PA 2 plant of 50000 tpa capacity started commercial production with effect from March 3, 2000. The increase in sales is due to the same.

Polar Ind Q4 net profit up 203%

Polar Industries Limited has reported a net profit of Rs 33.19 million for the quarter ended June 30, 2000, an increase of 203.31% as compared to Rs 10.94 million in the corresponding period of the previous year. Total Income for Q4 2000 stood at Rs 330.75 million, a decrease of 5.54% over total income of Rs 350.14 million in Q4 1999. Net Loss for the year ended June 30, 2000 stood at Rs 37.27 million, an increase of 161.31% as compared to Rs 23.01 million for the previous year. Total Income for the year ended June 30, 2000 stood at Rs 756.62 million, a decrease of 16.66% over total income of Rs 907.92 million in the previous year. Total Income includes compensation/damages amounting to Rs 55 million awarded in favour of the Company.

Shah Alloys Q1 net up 2.94%

Shah Alloys Ltd. has reported a net profit of Rs 28.2 million for the quarter ended June 30, 2000, an increase of 2.94% as compared to Rs 27.39 million in the corresponding period of the previous year. Net sales for Q1 2000 stood at Rs 990.22 million, an increase 8.38% over net sales of Rs 913.69 million in Q1 1999. Other income for Q1 2000 stood at Rs 0.32 million as compared to Rs 1 million in Q1 1999.

BSE revises special margin on 29 scrips

The BSE has informed that rate of special margin on the following scrips has been revised with effect from August 07, 2000. SR. NO SCRIP CODE SCRIP NAME GROUP SPECIAL MARGIN PER SHARE (%) 1 26177 ADAM COMSOF B2 25 2 17455 ANCO COMM B2 25 3 26443 DATASOFT APPL B2 25 4 23277 G V FILMS B2 25 5 32318 GEMINI COMM B2 25 6 32015 GRAVITY SILK B2 25 7 31984 GUJARAT FISCON B2 25 8 26899 HIMALAYA INT. B2 25 9 24826 JUPITER ORGA B2 25 10 31692 KHYATI MULTI B2 25 11 30411 MAGAN INDS B2 25 12 6041 MAHESH AGRO B2 25 13 31417 MEGA CORPN B2 50 14 32127 MOBILE TELE B2 25 15 6954 MOTOROL SPEC B2 25 16 17540 NEXUS SOFTWARE B2 25 17 32314 PENTAGON GLO B2 25 18 3691 SAHARA INDIA B2 50 19 30501 SARVODYA LAB B2 25 20 31980 SENTIL AGRO B2 25 21 23033 SOUNDCRAFT I LT B1 25 22 31707 SUN INFOWAYS B2 50 23 24470 SYNCOM FORMULAT B2 25 24 24719 TANU HEALTH B2 25 25 31554 TOP CASSETTE B2 25 26 32131 TRIUMPH INTER B2 25 27 31917 TWINSTAR SOFTWA B2 25 28 26441 VISION TECH B2 25 29 32325 VITAL COMM B2 25

Dhampur Sugar Mills Q3 net loss up 71.5%

Dhampur Sugar Mills Ltd. has reported a net loss of Rs 63.75 million for the quarter ended June 30, 2000 as compared to a loss of Rs 37.17 million in the corresponding quarter of 1999, an increase of 71.5%. Net sales for Q3 2000 stood at Rs 795.5 million as compared to net sales of Rs 786.29 million in Q3 1999, an increase of 1.17%. Other income in Q3 2000 was Rs 4.93 million, as compared to Rs 1.92 million in the corresponding period of the previous year. For the nine months ended June 30, 2000 the net loss stood at Rs 220.16 million an increase of 53.48% as compared to Rs 143.45 million in the corresponding period of the previous year. Net sales for the nine months ended June 30, 2000 stood at Rs 2187.54 million a decrease of 11.31% as compared to Rs 2466.56 million in the corresponding period of the previous year. Other income for the nine month period ended June 30, 2000 stood at Rs 13.44 million, an increase of 45.73% as compared to Rs 9.22 million reported in the corresponding period of the previous year.

Automobile Corporation Q1 net loss up 12.81%

Automobile Corporation of Goa Ltd. has reported a net loss of Rs 22.87 million for the quarter ended June 30, 2000 as compared to a loss of Rs 20.27 million in the corresponding quarter of 1999, an increase of 12.81%. Net sales for Q1 2000 stood at Rs 109.23 million as compared to net sales of Rs 109.72 million in Q1 1999. Other income in Q1 2000 was Rs 0.33 million, as compared to Rs 0.11 million in the corresponding period of the previous year.

Madras Fert Q1 loss increases by 136.44%, sales up 71.39%

Madras Fertilizers Ltd. has reported a net loss of Rs438.60 million for the quarter ended June 30, 2000 as compared to a loss of Rs 185.5 million in the corresponding quarter of 1999, an increase of 136.44%. Net sales for Q1 2000 stood at Rs 2519.8 million, an increase of 71.39% over net sales of Rs 1470.2 million in Q1 1999. Other income in Q1 2000 stood at Rs 22.5 million, as compared to Rs 5.5 million in the corresponding period of the previous year.

Maharashtra Elektrosmelt Q1net loss declines by 15.72%

Maharashtra Elektrosmelt Ltd. (a subsidiary of SAIL) has reported a net loss of Rs 58.95 million for the quarter ended June 30, 2000 as compared to a loss of Rs 69.95 million in the corresponding quarter of 1999, a decline of 15.72%. Net sales for Q1 2000 stood at Rs 463.77 million, an increase of 25.80% over net sales of Rs 368.64 million in Q1 1999. Other income in Q1 2000 stood at Rs 11.81 million, as compared to Rs 5.45 million in the corresponding period of the previous year, an increase of 116.61%.

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