BALANCE SHEET as at 31st March, 2010

(Rs. in Lacs)


Particulars


As at 31.3.2010


As at 31.3.2009


SOURCES OF FUNDS


Shareholders` Funds:

Share Capital


2050.00


2050.00

Reserves and Surplus


13243.48

9151.88

15293.48

11201.88


Loan Funds:

Secured Loans

8209.49

7328.83

23502.97

18530.71


APPLICATION OF FUNDS


Fixed Assets:

Gross Block

34813.62

30163.11

Depreciation

17033.06

15639.32

Net Block

17780.56

14523.79

Capital Work-in-Progress

277.16

246.95

18057.72

14770.74


Net
Deferred Tax Assets

1371.87

1115.55


Current Assets, Loans & Advances

5672.57

5927.77

Less:
Current Liabilities & Provisions

3989.48

3456.15

Net
Current Assets

1683.09

2471.62

Miscellaneous Expenditure

(to the extent not written off or adjusted)

416.12


172.80

Profit and Loss Account

1974.17

23502.97

18530.71

PROFIT AND LOSS ACCOUNT
for the year ended 31st March, 2010

(Rs. in Lacs)

Particulars

2009-10

2008-09

INCOME

Gross
Sales

16687.42

23025.46

Less:
Excise Duty

1321.06

2777.22

Net
Sales

15366.36

20248.24

Other
Income

214.24

352.50


Increase/(Decrease) in Stock

(248.11)

307.15

15332.49

20907.89

EXPENDITURE

Direct
Manufacturing Expenses

13494.92

15134.84


Employee Remuneration and Benefits

1600.31

1489.09

Other
Operating & Administration Expenses

395.99

403.39


Selling and Distribution Expenses

250.43

350.95


Finance Charges

808.12

977.98


Miscellaneous Expenses Written Off

78.80

66.42


Depreciation

1115.10

1121.03

17743.67

19543.70

Profit / (Loss) for the year

(2411.18)

1364.19


Expenses relating to previous year

86.57

43.55


Profit / (Loss) before taxation

(2497.75)

1320.64


Provision for Taxation:

Fringe
Benefit Tax

11.59

Income
Tax

148.32


Deferred Tax

(256.32)

449.11


Profit / (Loss) after Taxation

(2241.43)

711.62

Profit / (Loss) of previous years

267.26

(1275.11)

Deferred Tax Assets on unabsorbed
Depreciation

830.75

267.26

(444.36)

Amount available for Appropriations

(1974.17)

267.26

Appropriations


Balance carried to Balance Sheet

(1974.17)

267.26

Earnings per Share (Annualised)

Basic (in Rs.)

(10.94)

3.47

Diluted (in Rs.)

(10.94)

1.03

Number of Shares used in computing Earnings per Share

Basic

20482929

20482929

Diluted

81423829

77188929