| (Rs.in Million) |
| Particulars | Mar 2005 | Mar 2004 |
| EQUITY AND LIABILITIES | 0 | 0 |
| Share Capital | 5.72 | 5.72 |
| Equity - Authorised | 250.00 | 250.00 |
| Equity - Issued | 5.72 | 5.72 |
| Equity Paid Up | 5.72 | 5.72 |
| Equity Shares Forfeited | 0.00 | 0.00 |
| Adjustments to Equity | 0.00 | 0.00 |
| Preference Capital Paid Up | 0.00 | 0.00 |
| Face Value | 10.00 | 10.00 |
| Share Warrants & Outstandings | 0.00 | 0.00 |
| Total Reserves | 15.90 | 87.51 |
| Securities Premium | 109.26 | 109.26 |
| Capital Reserves | 0.00 | 0.00 |
| Profit & Loss Account Balance | -146.76 | -76.40 |
| General Reserves | 0.00 | 0.00 |
| Other Reserves | 53.41 | 54.65 |
| Reserve excluding Revaluation Reserve | -37.50 | 32.86 |
| Revaluation reserve | 53.41 | 54.65 |
| Shareholder's Funds | 21.62 | 93.22 |
| Minority Interest | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 |
| Secured Loans | 0.00 | 0.00 |
| Non Convertible Debentures | 0.00 | 0.00 |
| Converible Debentures & Bonds | 0.00 | 0.00 |
| Packing Credit - Bank | 0.00 | 0.00 |
| Inter Corporate & Security Deposit | 0.00 | 0.00 |
| Term Loans - Banks | 0.00 | 0.00 |
| Term Loans - Institutions | 0.00 | 0.00 |
| Other Secured | 0.00 | 0.00 |
| Unsecured Loans | 38.72 | 37.80 |
| Fixed Deposits - Public | 0.00 | 0.00 |
| Loans and advances from subsidiaries | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 |
| Loans - Banks | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 |
| Loans - Others | 0.00 | 0.00 |
| Other Unsecured Loan | 38.72 | 37.80 |
| Deferred Tax Assets / Liabilities | 0.00 | 0.00 |
| Deferred Tax Assets | 0.00 | 0.00 |
| Deferred Tax Liability | 0.00 | 0.00 |
| Other Long Term Liabilities | 0.00 | 0.00 |
| Long Term Trade Payables | 0.00 | 0.00 |
| Long Term Provisions | 0.00 | 0.00 |
| Total Non-Current Liabilities | 38.72 | 37.80 |
| Current Liabilities | 0 | 0 |
| Trade Payables | 67.54 | 73.63 |
| Sundry Creditors | 67.54 | 73.63 |
| Acceptances | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 |
| Other Current Liabilities | 42.79 | 49.00 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 |
| Advances received from customers | 9.21 | 10.16 |
| Interest Accrued But Not Due | 0.00 | 0.00 |
| Share Application Money | 0.00 | 0.00 |
| Current maturity of Debentures & Bonds | 0.00 | 0.00 |
| Current maturity - Others | 0.00 | 0.00 |
| Other Liabilities | 33.58 | 38.84 |
| Short Term Borrowings | 0.00 | 0.00 |
| Secured ST Loans repayable on Demands | 0.00 | 0.00 |
| Working Capital Loans- Sec | 0.00 | 0.00 |
| Buyers Credits - Unsec | 0.00 | 0.00 |
| Commercial Borrowings- Unsec | 0.00 | 0.00 |
| Other Unsecured Loans | 0.00 | 0.00 |
| Short Term Provisions | 320.27 | 344.33 |
| Proposed Equity Dividend | 0.00 | 0.00 |
| Provision for Corporate Dividend Tax | 0.00 | 0.00 |
| Provision for Tax | 319.67 | 343.37 |
| Provision for post retirement benefits | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 |
| Other Provisions | 0.60 | 0.95 |
| Total Current Liabilities | 430.59 | 466.96 |
| Total Liabilities | 60.35 | 131.03 |
| ASSETS | 0 | 0 |
| Gross Block | 175.02 | 177.06 |
| Less: Accumulated Depreciation | 37.41 | 37.49 |
| Less: Impairment of Assets | 0.00 | 0.00 |
| Net Block | 137.61 | 139.56 |
| Lease Adjustment A/c | 0.00 | 0.00 |
| Capital Work in Progress | 0.00 | 0.00 |
| Non Current Investments | 0.02 | 0.03 |
| Long Term Investment | 0.02 | 0.03 |
| Quoted | 0.02 | 0.02 |
| Unquoted | 0.01 | 0.01 |
| Long Term Loans & Advances | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 |
| Total Non-Current Assets | 137.64 | 139.59 |
| Current Assets Loans & Advances | 0 | 0 |
| Currents Investments | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 |
| Inventories | 1.92 | 9.05 |
| Raw Materials | 0.00 | 2.61 |
| Work-in Progress | 1.92 | 6.44 |
| Finished Goods | 0.00 | 0.00 |
| Packing Materials | 0.00 | 0.00 |
| Stores and Spare | 0.00 | 0.00 |
| Other Inventory | 0.00 | 0.00 |
| Sundry Debtors | 14.24 | 71.38 |
| Debtors more than Six months | 84.48 | 87.57 |
| Debtors Others | 0.06 | 21.26 |
| Cash and Bank | 8.93 | 15.57 |
| Cash in hand | 0.01 | 0.02 |
| Balances at Bank | 8.91 | 15.55 |
| Other cash and bank balances | 0.00 | 0.00 |
| Other Current Assets | 0.66 | 0.65 |
| Interest accrued on Investments | 0.00 | 0.00 |
| Interest accrued on Debentures | 0.00 | 0.00 |
| Deposits with Government | 0.66 | 0.65 |
| Interest accrued and or due on loans | 0.00 | 0.00 |
| Prepaid Expenses | 0.00 | 0.00 |
| Other current_assets | 0.00 | 0.00 |
| Short Term Loans and Advances | 327.55 | 361.75 |
| Advances recoverable in cash or in kind | 7.07 | 8.54 |
| Advance income tax and TDS | 325.54 | 355.64 |
| Amounts due from directors | 0.00 | 0.00 |
| Due From Subsidiaries | 0.00 | 0.00 |
| Inter corporate deposits | 0.00 | 0.00 |
| Corporate Deposits | 0.00 | 0.00 |
| Other Loans & Advances | -5.07 | -2.43 |
| Total Current Assets | 353.30 | 458.39 |
| Net Current Assets (Including Current Investments) | -77.29 | -8.57 |
| Miscellaneous Expenses not written off | 0.00 | 0.00 |
| Total Assets | 60.35 | 131.03 |
| Contingent Liabilities | 58.12 | 83.64 |
| Total Debt | 38.72 | 37.80 |
| Book Value | -55.61 | 67.49 |
| Adjusted Book Value | -55.61 | 67.49 |