BALANCE SHEET AS AT 31ST MARCH, 2007

(Rs. in Lacs)


Particulars

As
at 31.3.2007

As
at 31.3.2006


SOURCES OF FUNDS


Shareholders` Funds:

Share Capital

2050.00

2049.99

Reserves and Surplus

9326.02

9578.12

11376.02

11628.11


Loan Funds:

Secured Loans

11326.76

12730.42

22702.78

24358.53


APPLICATION OF FUNDS


Fixed Assets:

Gross Block

29724.87

29611.78

Depreciation

12997.74

11773.98

Net Block

16727.13

17837.80

Capital Work-in-Progress

332.66

283.08

17059.79

18120.88

Net
Deferred Tax Assets

405.56

493.31


Current Assets, Loans & Advances

5570.57

5786.08

Less:
Current Liabilities & Provisions

2897.26

2771.20

Net
Current Assets

2673.31

3014.88

Miscellaneous Expenditure

(to the extent not written off or adjusted)

352.22

418.33

Profit and Loss Account

2211.90

2311.13

22702.78

24358.53

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31ST MARCH, 2007


(Rs. in Lacs)

Particulars

2006-07

2005-06

INCOME

Gross
Sales

23578.54

24586.24

Less:
Excise Duty

3406.12

3547.76

Net
Sales

20172.42

21038.48

Other
Income

254.83

287.82


Increase/(Decrease) in Stock

70.87

14.02

20498.12

21340.32

EXPENDITURE


Purchase of Trading Items

321.73

199.47

Direct
Manufacturing Expenses

14952.58

14137.64


Employee Remuneration and Benefits

1326.55

1312.51

Other
Operating & Administration Expenses

480.56

535.06


Selling and Distribution Expenses

544.22

662.75


Finance Charges

1257.95

1360.14


Miscellaneous Expenses Written Off

241.76

239.39


Depreciation

1117.69

1103.60

20243.04

19550.56

Profit for the year

255.08

1789.76


Expenses/(Income) relating to previous year

19.21


Profit before taxation

235.87

1789.76


Provision for Taxation:

Fringe
Benefit Tax

11.25

16.55

Income
Tax

37.64

135.21


Deferred Tax

87.75

373.36


Profit after taxation

99.23

1264.64

Profit/(Loss) of previous years

(2311.13)

(4442.44)

Deferred Tax Assets


866.67

(2311.13)

(3575.77)

Amount available for Appropriations

(2211.90)

(2311.13)

Appropriations

Loss
carried to Balance Sheet

(2211.90)

(2311.13)

Earnings per Share (Annualised)

Basic (in Rs.)

0.48

6.17

Diluted (in Rs.)

0.28

2.28

Number of Shares used in computing Earnings per Share

Basic

20482906

20482890

Diluted

66070548

59165590