BALANCE SHEET AS AT 31ST MARCH, 2008

(Rs. in Lacs)


Particulars


As at 31.3.2008


As at 31.3.2007


SOURCES OF FUNDS


Shareholders` Funds:

Share Capital

2050.00

2050.00

Reserves and Surplus

9115.47

9326.02

11165.47

11376.02


Loan Funds:

Secured Loans

9732.48

11326.76

20897.95

22702.78


APPLICATION OF FUNDS


Fixed Assets:

Gross Block

30068.96

29724.87

Depreciation

14316.64

12997.74

Net Block

15752.32

16727.13

Capital Work-in-Progress

280.89

332.66

16033.21

17059.79

Net
Deferred Tax Assets

733.92

405.56


Current Assets, Loans & Advances

6063.05

5570.57

Less:
Current Liabilities & Provisions

3423.13

2897.26

Net
Current Assets

2639.92

2673.31

Miscellaneous Expenditure

(to the extent not written off or adjusted)

215.79

352.22

Profit and Loss Account

1275.11

2211.90

20897.95

22702.78

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31ST MARCH, 2008


(Rs. in Lacs)

Particulars

2007-08

2006-07

INCOME

Gross
Sales

23336.12

23578.54

Less:
Excise Duty

3324.67

3406.12

Net
Sales

20011.45

20172.42

Other
Income

203.62

254.83


Increase/(Decrease) in Stock

(71.60)

70.87

20143.47

20498.12

EXPENDITURE


Purchase of Trading Items

144.49

321.73

Direct
Manufacturing Expenses

14555.90

14952.58


Employee Remuneration and Benefits

1508.67

1326.55

Other
Operating & Administration Expenses

352.59

480.56


Selling and Distribution Expenses

439.23

544.22


Finance Charges

1139.59

1257.95


Miscellaneous Expenses Written Off

155.88

241.76


Depreciation

1123.64

1117.69

19419.99

20243.04

Profit for the year

723.48

255.08


Expenses/(Income) relating to previous year

4.96

19.21


Profit before taxation

718.52

235.87


Provision for Taxation:

Fringe
Benefit Tax

9.62

11.25

Income
Tax

81.41

37.64


Deferred Tax

233.54

87.75


Profit after taxation

393.95

99.23

Profit/(Loss) of previous years

(2211.90)

(2311.13)

Transitional liability for Leave Encashment

(49.17)

Transitional liability for Gratuity

30.11

Deferred Tax Assets

561.90

(1669.06)

(2311.13)

Amount available for Appropriations

(1275.11)

(2211.90)

Appropriations

Loss
carried to Balance Sheet

(1275.11)

(2211.90)

Earnings per Share (Annualised)

Basic (in Rs.)

1.92

0.48

Diluted (in Rs.)

0.66

0.28

Number of Shares used in computing Earnings per Share

Basic

20482906

20482906

Diluted

72106706

66070548