Reporting of Segmentwise Revenue, Results and Capital
             Employed under Clause 41 of the Listing Agreement.
  (Rupees in lacs)
    Year ended
Sr. No.                Particulars 31.03.2002
     
   
1 Segment Revenue  
  a)  Segment  - Money Changing 277.04
  b)  Segment - Money Transfer 45.07
  c)  Segment - Others 67.65
  Total 389.76
    Less : Inter Segment Revenue ---
  Net sales/Income from operations 389.76
     
2 Segment Expenses (net sale/income from  
  a)  Segment  - Money Changing 293.44
  b)  Segment - Money Transfer 17.03
  c)  Segment - Others 15.70
  Total 326.17
  Less : Inter Segment Expenses  
  Net sales/Income from operations  
   
2 Segment Results  Profit (+) Loss(-) before  
  tax and interest from segment  
  a)  Segment  - Money Changing (16.40)
  b)  Segment - Money Transfer 28.04
  c)  Segment - Others 51.94
  Total 63.58
  Less : i)  Interest 24.03
           ii) Other Unallocable expenditure 28.21
               net of unallocable Income.  
  Net Profit Before Tax 11.34
   
3 Capital Employed (Segment Assets -  
  Segment Liabilities)  
  a)  Segment  - Money Changing/Money Transfer  314.65
       (See note 5)  
  Total 314.65
                                              For Nucleus Securities Limited
Mumbai                                                               Asit C. Mehta
August 28, 2002.                                 Chairman & Managing Director