Quarterly Reporting of Segment wise Revenue, Results and Capital
         Empolyed Under Clause 41 of the Listing Agreement
  (Rupees in lacs)
  Particulars Quarter ended Year ended
  30.06.2002 31.03.2002
       
     
1 Segment Revenue (net sale/income from    
  a)  Segment  - Money Changing 65.40 277.04
  b)  Segment - Money Transfer 15.95 45.07
  c)  Segment - Others 7.63 67.65
  Total 88.98 389.76
  Less : Inter Segment Revenue --- ---
  Net sales/Income from operations 88.98 389.76
     
2 Segment Expenses (net sale/income from    
  a)  Segment  - Money Changing #REF! 292.38
  b)  Segment - Money Transfer #REF! 17.03
  c)  Segment - Others #REF! 15.70
  Total --- 325.11
  Less : Inter Segment Expenses    
  Net sales/Income from operations    
2 Segment Results  Profit (+) Loss(-) before    
  tax and interest from segment    
  a)  Segment  - Money Changing (10.81) (15.34)
  b)  Segment - Money Transfer 12.31 28.04
  c)  Segment - Others 3.30 51.94
  Total 4.80 64.64
  Less : i)  Interest 7.10 24.03
           ii) Other Unallocable expenditure 30.50
               net of unallocable Income. 10.19  
  Net Profit Before Tax (12.47) 10.11
     
3 Capital Employed (Segment Assets -    
  Segment Liabilities)    
  a)  Segment  - Money Changing/Money Transfer  347.53 321.69
       (See note 4)    
  Total 347.53 321.69
For Nucleus Securities Limited
 
   Mumbai               Asit C. Mehta
               31st July, 2002 Chairman & Managing Director.