| (Rs.in Million) |
| Particulars | Mar 2003 |
| EQUITY AND LIABILITIES | 0 |
| Share Capital | 36.00 |
| Equity - Authorised | 60.00 |
| Equity - Issued | 36.00 |
| Equity Paid Up | 36.00 |
| Equity Shares Forfeited | 0.00 |
| Adjustments to Equity | 0.00 |
| Preference Capital Paid Up | 0.00 |
| Face Value | 10.00 |
| Share Warrants & Outstandings | 0.00 |
| Total Reserves | 55.55 |
| Securities Premium | 18.00 |
| Capital Reserves | 0.00 |
| Profit & Loss Account Balance | 0.21 |
| General Reserves | 31.29 |
| Other Reserves | 6.05 |
| Reserve excluding Revaluation Reserve | 49.75 |
| Revaluation reserve | 5.80 |
| Shareholder's Funds | 91.55 |
| Minority Interest | 0.24 |
| Long-Term Borrowings | 0.00 |
| Secured Loans | 520.26 |
| Non Convertible Debentures | 0.00 |
| Converible Debentures & Bonds | 0.00 |
| Packing Credit - Bank | 0.00 |
| Inter Corporate & Security Deposit | 0.00 |
| Term Loans - Banks | 78.25 |
| Term Loans - Institutions | 226.80 |
| Other Secured | 215.22 |
| Unsecured Loans | 0.00 |
| Fixed Deposits - Public | 0.00 |
| Loans and advances from subsidiaries | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 |
| Foreign Currency Convertible Notes | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 |
| Loans - Banks | 0.00 |
| Loans - Govt. | 0.00 |
| Loans - Others | 0.00 |
| Other Unsecured Loan | 0.00 |
| Deferred Tax Assets / Liabilities | -19.25 |
| Deferred Tax Assets | 66.20 |
| Deferred Tax Liability | 46.95 |
| Other Long Term Liabilities | 0.00 |
| Long Term Trade Payables | 0.00 |
| Long Term Provisions | 0.00 |
| Total Non-Current Liabilities | 501.01 |
| Current Liabilities | 0 |
| Trade Payables | 163.11 |
| Sundry Creditors | 163.11 |
| Acceptances | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 |
| Other Current Liabilities | 11.10 |
| Bank Overdraft / Short term credit | 0.00 |
| Advances received from customers | 0.00 |
| Interest Accrued But Not Due | 0.00 |
| Share Application Money | 0.00 |
| Current maturity of Debentures & Bonds | 0.00 |
| Current maturity - Others | 0.00 |
| Other Liabilities | 11.10 |
| Short Term Borrowings | 0.00 |
| Secured ST Loans repayable on Demands | 0.00 |
| Working Capital Loans- Sec | 0.00 |
| Buyers Credits - Unsec | 0.00 |
| Commercial Borrowings- Unsec | 0.00 |
| Other Unsecured Loans | 0.00 |
| Short Term Provisions | 13.53 |
| Proposed Equity Dividend | 0.00 |
| Provision for Corporate Dividend Tax | 0.00 |
| Provision for Tax | 0.00 |
| Provision for post retirement benefits | 0.00 |
| Preference Dividend | 0.00 |
| Other Provisions | 13.53 |
| Total Current Liabilities | 187.75 |
| Total Liabilities | 780.56 |
| ASSETS | 0 |
| Gross Block | 515.22 |
| Less: Accumulated Depreciation | 231.86 |
| Less: Impairment of Assets | 0.00 |
| Net Block | 283.36 |
| Lease Adjustment A/c | 0.00 |
| Capital Work in Progress | 9.05 |
| Non Current Investments | 0.59 |
| Long Term Investment | 0.59 |
| Quoted | 0.59 |
| Unquoted | 0.00 |
| Long Term Loans & Advances | 0.00 |
| Other Non Current Assets | 0.00 |
| Total Non-Current Assets | 293.00 |
| Current Assets Loans & Advances | 0 |
| Currents Investments | 0.00 |
| Quoted | 0.00 |
| Unquoted | 0.00 |
| Inventories | 451.57 |
| Raw Materials | 16.81 |
| Work-in Progress | 11.88 |
| Finished Goods | 403.35 |
| Packing Materials | 0.00 |
| Stores and Spare | 19.53 |
| Other Inventory | 0.00 |
| Sundry Debtors | 0.86 |
| Debtors more than Six months | 0.73 |
| Debtors Others | 0.12 |
| Cash and Bank | 13.60 |
| Cash in hand | 1.95 |
| Balances at Bank | 11.65 |
| Other cash and bank balances | 0.00 |
| Other Current Assets | 0.00 |
| Interest accrued on Investments | 0.00 |
| Interest accrued on Debentures | 0.00 |
| Deposits with Government | 0.00 |
| Interest accrued and or due on loans | 0.00 |
| Prepaid Expenses | 0.00 |
| Other current_assets | 0.00 |
| Short Term Loans and Advances | 20.39 |
| Advances recoverable in cash or in kind | 11.56 |
| Advance income tax and TDS | 2.04 |
| Amounts due from directors | 0.00 |
| Due From Subsidiaries | 0.00 |
| Inter corporate deposits | 0.00 |
| Corporate Deposits | 0.40 |
| Other Loans & Advances | 6.39 |
| Total Current Assets | 486.42 |
| Net Current Assets (Including Current Investments) | 298.67 |
| Miscellaneous Expenses not written off | 1.13 |
| Total Assets | 780.56 |
| Contingent Liabilities | 0.00 |
| Total Debt | 520.26 |
| Book Value | 23.51 |
| Adjusted Book Value | 2.35 |