NOTES:-

1.  a)    Freight as included in selling expenses is charged to account on incurrence/ accrual at the time of removal of finished goods from the   factory. Therefore, this may not necessarily relate to sales achieved during a particular period. However, this is according to the accounting policy consistently followed by the company.

    b)  Denotes Other Income of Rs.16.42 lacs as gain from Exchange Fluctuation. 

2.      The Institute of Chartered Accounts of India has issued a revised Accounting Standard (AS-15) on Employee Benefits effective from 1st April, 2007. The liabilities for defined benefit plans are being reviewed in terms of the requirement of the said Accounting Standard and accordingly necessary adjustments will be carried out at the end of the current financial year. However, the impact on account of this is not likely to be material on the financial results.
 

3.      Purchases include import of MDF Boards aggregating to Rs.41.52 lacs.
 

4.      Information on investor complaints for the quarter ended 30th June, 2007 (in nos.)
 

5.      Figures of the previous period have been regrouped / rearranged wherever considered necessary.
 

6.      The results for the quarter ended 30th June, 2007 are after the "Limited Review" by the Auditors of the Company.
 

7.      The above results have been taken on record in the Board of Directors meeting held on 24th July, 2007.
 

8.      The results of the Company are available at the Company's web site www.mangalamtimber.com
 

NOTES:-

1.      During the current financial year 2006-07, the Company after adjusting all past accumulated losses has a credit balance of Rs.8.52 lacs in the Profit & Loss A/c which is reflected in the Reserves & Surplus schedule annexed to the Balance Sheet.
 

2.      Freight as included in selling expenses is charged to account on incurrence/ accrual at the time of removal of finished goods from the factory. Therefore, this may not necessarily relate to sales achieved during a particular period. However, this is according to the accounting policy consistently followed by the company.
 

3.      Information on investor complaints for the quarter ended 31st March, 2007 (in nos.)
 

4.      The Twenty Third Annual General Meeting of the Company will be held on 27th August, 2007 at 10.00 A.M. at the registered Office of the Company at Vill. Kusumi, Post & Dist. Nabarangpur, Pin - 764 059, Orissa. In view of the above the Register of Members and Share Transfer Books of the Company shall remain closed from 12th August, 2007 to 26th August, 2007 (both days inclusive).
 

5.      Figures of the previous period have been regrouped / rearranged wherever considered necessary.
 

6.      The above results have been taken on record in the Board of Directors meeting held on 24th April, 2007.
 

7.      The results of the Company are available at the Company's web site www.mangalamtimber.com