| (Rs.in Million) |
| Particulars | Mar 2007 | Mar 2006 | Mar 2005 | Mar 2004 | Mar 2003 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 | 0 |
| Share Capital | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 |
| Equity - Authorised | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| Equity - Issued | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 |
| Equity Paid Up | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 |
| Equity Shares Forfeited | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Adjustments to Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preference Capital Paid Up | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Share Warrants & Outstandings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Reserves | -604.71 | -507.33 | -414.98 | -321.41 | -245.46 |
| Securities Premium | 9.30 | 9.30 | 9.30 | 9.30 | 9.30 |
| Capital Reserves | 69.68 | 69.68 | 69.68 | 69.68 | 69.68 |
| Profit & Loss Account Balance | -688.05 | -592.36 | -502.17 | -411.78 | -339.08 |
| General Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Reserves | 4.36 | 6.04 | 8.20 | 11.38 | 14.64 |
| Reserve excluding Revaluation Reserve | -606.79 | -510.84 | -420.03 | -329.00 | -255.69 |
| Revaluation reserve | 2.08 | 3.51 | 5.04 | 7.60 | 10.23 |
| Shareholder's Funds | -564.71 | -467.33 | -374.98 | -281.41 | -205.46 |
| Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured Loans | 612.02 | 549.81 | 486.21 | 430.44 | 372.00 |
| Non Convertible Debentures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Converible Debentures & Bonds | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Packing Credit - Bank | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate & Security Deposit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Term Loans - Banks | 545.36 | 483.81 | 423.23 | 371.60 | 0.40 |
| Term Loans - Institutions | 49.62 | 48.01 | 44.93 | 39.15 | 354.75 |
| Other Secured | 17.03 | 17.99 | 18.05 | 19.69 | 16.85 |
| Unsecured Loans | 4.06 | 4.06 | 4.06 | 4.06 | 7.29 |
| Fixed Deposits - Public | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans and advances from subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Banks | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Others | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loan | 4.06 | 4.06 | 4.06 | 4.06 | 7.29 |
| Deferred Tax Assets / Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liability | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Long Term Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Trade Payables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Provisions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-Current Liabilities | 616.08 | 553.86 | 490.27 | 434.50 | 379.28 |
| Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 45.52 | 45.19 | 12.13 | 11.90 | 17.52 |
| Sundry Creditors | 45.52 | 45.19 | 12.13 | 11.90 | 17.52 |
| Acceptances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 41.09 | 47.37 | 43.11 | 33.89 | 9.99 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Advances received from customers | 7.98 | 9.09 | 5.24 | 4.65 | 2.14 |
| Interest Accrued But Not Due | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Share Application Money | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current maturity of Debentures & Bonds | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current maturity - Others | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 33.11 | 38.27 | 37.87 | 29.24 | 7.85 |
| Short Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured ST Loans repayable on Demands | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Working Capital Loans- Sec | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Buyers Credits - Unsec | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Commercial Borrowings- Unsec | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Provisions | 0.00 | 0.00 | 0.00 | 0.00 | 19.98 |
| Proposed Equity Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for Corporate Dividend Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for post retirement benefits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Provisions | 0.00 | 0.00 | 0.00 | 0.00 | 19.98 |
| Total Current Liabilities | 86.61 | 92.56 | 55.24 | 45.79 | 47.49 |
| Total Liabilities | 51.37 | 86.53 | 115.28 | 153.09 | 173.83 |
| ASSETS | 0 | 0 | 0 | 0 | 0 |
| Gross Block | 50.32 | 76.25 | 88.86 | 106.52 | 298.78 |
| Less: Accumulated Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 173.89 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 50.32 | 76.25 | 88.86 | 106.52 | 124.89 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 2.76 | 2.76 | 2.76 | 2.76 | 2.76 |
| Non Current Investments | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 |
| Long Term Investment | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 | 3.17 |
| Unquoted | 3.19 | 3.19 | 3.19 | 3.19 | 0.02 |
| Long Term Loans & Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-Current Assets | 56.27 | 82.20 | 94.81 | 112.48 | 130.84 |
| Current Assets Loans & Advances | 0 | 0 | 0 | 0 | 0 |
| Currents Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 8.27 | 9.60 | 14.23 | 19.97 | 22.11 |
| Raw Materials | 4.42 | 3.77 | 4.70 | 5.35 | 4.87 |
| Work-in Progress | 0.67 | 0.92 | 1.27 | 1.75 | 4.37 |
| Finished Goods | 2.64 | 1.31 | 2.17 | 3.11 | 2.17 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 0.54 | 0.54 | 0.98 | 1.55 | 1.94 |
| Other Inventory | 0.00 | 3.06 | 5.11 | 8.21 | 8.75 |
| Sundry Debtors | 45.33 | 56.90 | 30.53 | 38.85 | 38.76 |
| Debtors more than Six months | 45.02 | 56.53 | 22.05 | 26.56 | 26.18 |
| Debtors Others | 0.31 | 0.37 | 8.49 | 12.29 | 12.67 |
| Cash and Bank | 0.60 | 2.77 | 3.10 | 4.45 | 3.49 |
| Cash in hand | 0.24 | 0.53 | 0.51 | 0.49 | 0.93 |
| Balances at Bank | 0.36 | 2.25 | 2.59 | 3.96 | 2.55 |
| Other cash and bank balances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 2.38 | 2.09 | 2.01 | 1.56 | 1.62 |
| Interest accrued on Investments | 0.00 | 0.09 | 0.00 | 0.00 | 0.00 |
| Interest accrued on Debentures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deposits with Government | 2.36 | 1.96 | 1.90 | 1.43 | 1.40 |
| Interest accrued and or due on loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prepaid Expenses | 0.02 | 0.04 | 0.11 | 0.13 | 0.22 |
| Other current_assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Loans and Advances | 25.00 | 25.40 | 25.28 | 20.57 | 23.06 |
| Advances recoverable in cash or in kind | 23.20 | 23.44 | 23.44 | 18.50 | 8.65 |
| Advance income tax and TDS | 1.02 | 0.80 | 0.45 | 0.84 | 0.45 |
| Amounts due from directors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Due From Subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter corporate deposits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Corporate Deposits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Loans & Advances | 0.79 | 1.16 | 1.38 | 1.23 | 13.96 |
| Total Current Assets | 81.59 | 96.76 | 75.14 | 85.40 | 89.03 |
| Net Current Assets (Including Current Investments) | -5.03 | 4.20 | 19.90 | 39.60 | 41.53 |
| Miscellaneous Expenses not written off | 0.13 | 0.13 | 0.57 | 1.01 | 1.45 |
| Total Assets | 51.37 | 86.53 | 115.28 | 153.09 | 173.83 |
| Contingent Liabilities | 35.05 | 10.00 | 10.00 | 0.00 | 0.00 |
| Total Debt | 616.08 | 553.86 | 490.27 | 434.50 | 379.28 |
| Book Value | -141.73 | -117.74 | -95.15 | -72.50 | -54.28 |
| Adjusted Book Value | -141.73 | -117.74 | -95.15 | -72.50 | -54.28 |