FINANCIAL PERFORMANCE :

The works expenditure was Rs.98.18crores during 2004-2005 as against Rs.83.94crores during 2003-2004. The profit before tax for the year ended 31st March 2005 was Rs.122.40 lakhs when compared to Rs.115.21 lakhs for the year ended 31st March 2004, while the net profit after tax for the year ended 31st March 2005 was Rs.92.22 lakhs as against Rs.86.67 lakhs for the year ended 31-3-2004. The accumulated Reserves and Surplus as on 31-3-2005 are Rs.521.58 lakhs. The loans availed by the Company from financial institutions for funding the projects/schemes have been fully guaranteed by Government of Tamil Nadu. The outstanding balances as on 31-3-2005, to the tune of Rs.187.98crores has been taken over by Government with effect from1/4/2005 vide Government Order No.250 Home (Pol.X) Department dated 29/3/2005.

The Board of Directors of your Company have recommended a dividend of 40% on the paid up Share Capital of Rs.100.00 lakhs which is 10% more than previous years. In the last eight years, your Company has paid a total of Rs.204.70 lakhs as dividend against Rs.100.00 lakhs Share Capital.