Audited Financial Results
For the year ended  31st March, 2002
                                                            (Rupees in lakhs) (Rupees in Lacs)
Sr.              Quarter Ended              Year Ended    
No.                 Particulars 31.03.2002 31.03.2001 31.03.2002 31.03.2001 31.12.2000 31.12.2001
    (Unaudited) (Unaudited) (Audited) (Audited) (Unaudited) (Unaudited)
               
1 Net Sales /Income from Operations:-            
   -- Money Changing Division 73.75 101.38 277.04 329.35 227.97 203.29
   -- Money Transfer Division 14.73 6.71 45.07 21.67 14.96 30.34
    88.48 108.09 322.11 351.02 242.93 233.63
2 Other Income 6.07 4.63 67.65 36.51 31.88 61.58
3 Total Expenditure 81.15 77.60 328.51 323.09 245.49 247.36
  a)  Increase/decrease in stock in trade -- -- -- -- -- --
  b)  Consumption of raw materials -- -- -- -- -- --
  c)  Staff Cost 24.97 24.28 106.25 106.06 81.78 81.28
  d) Provision for Bad Debts 9.69  -- 15.53  -- 0 5.84
  e)  Other Expenditure 46.49 53.32 206.73 217.03 163.71 160.24
4 Interest (Net) 9.17 7.26 27.18 22.47 15.21 18.01
5 Depreciation 3.99 8.13 22.73 29.83 21.7 18.74
6 Profit(+)/Loss(-)Before Tax (1+2-3-4-5) 0.24 19.73 11.34 12.14 (7.59) 11.10
7 Provision for Deferred Taxation (See Note 2) 7.50 -- -- --    
8 Provision for Taxation -- 1.45 -- 1.45 0 7.50
9 Net Profit (+) / Loss (-) (6-7-8) 7.74 18.28 11.34 10.69 (7.59) 3.60
10 Paid-up Equity Share Capital 344.08 344.08 344.08 344.08 344.08 344.08
  (F.V. Rs.10/- each)            
11 Reserves excluding revaluation Reserves -- -- 451.04 444.42 --
             
             
12 Basic and diluted EPS (Rs.10/- each)  Rs.       0.18  Rs.       0.53  Rs.       0.33      Rs.       0.31  
13 Aggregate of non-promoter Shareholding :          
   - No. of Shares 1027562 1027562 1027562 1027562  
   - Percentage of Shareholding 29.86 29.86 29.86 29.86  
 
Note :-
1) The   above  results  were taken on record by the Board at its Meeting held on 28.08.2002.
2) The deferred tax liability of Rs. 64.52 lacs upto March 31, 2002 will be provided against the reserves
to be accumulated in future.
3) A few incidents of unautorised credit sales and expenses had taken place in one of the branches of the
Company. Personal accounts of the errant employee to the extent of Rs. 19.00 lacs have been
debited . No provision has been made as the Company is hopeful of recovery of the same.
4) Previous year figures have been regrouped/ rearranged  wherever necessary.
5) Fixed  assets  used  or  liabilities contracted have not been identifiable to either of the segments as
the same are interchangeable.
                                                                                                                                For Nucleus Securities Limited
Mumbai                                                          Asit C. Mehta                       Asit C. Mehta
August 28, 2002.                                                                                              Chairman & Managing Director   Chairman and Managing Director.