| (Rs.in Million) |
| Particulars | Dec 2007 | Dec 2006 | Dec 2005 | Dec 2004 | Dec 2003 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 | 0 |
| Share Capital | 184.90 | 85.20 | 85.20 | 60.20 | 60.20 |
| Equity - Authorised | 184.90 | 85.20 | 85.20 | 60.20 | 60.20 |
| Equity - Issued | 184.90 | 85.20 | 85.20 | 60.20 | 60.20 |
| Equity Paid Up | 184.90 | 85.20 | 85.20 | 60.20 | 60.20 |
| 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 | 249.58 | 98.69 | 30.78 | 14.99 | 7.86 |
| Securities Premium | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit & Loss Account Balance | 194.08 | 95.79 | 27.88 | 12.09 | 4.96 |
| General Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Reserves | 55.50 | 2.90 | 2.90 | 2.90 | 2.90 |
| Reserve excluding Revaluation Reserve | 249.58 | 98.69 | 30.78 | 14.99 | 7.86 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | 434.48 | 183.89 | 115.98 | 75.19 | 68.06 |
| Minority Interest | 0.00 | 0.81 | 0.59 | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured Loans | 115.02 | 77.42 | 80.58 | 121.20 | 126.42 |
| 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 | 39.49 | 5.43 | 44.87 | 71.39 | 69.46 |
| Term Loans - Institutions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Secured | 75.54 | 71.99 | 35.70 | 49.81 | 56.96 |
| Unsecured Loans | 96.02 | 1.58 | 0.20 | 0.00 | 0.00 |
| 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 | 96.02 | 1.58 | 0.20 | 0.00 | 0.00 |
| Deferred Tax Assets / Liabilities | 16.87 | 12.17 | 11.94 | 14.45 | 10.90 |
| Deferred Tax Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liability | 16.87 | 12.17 | 11.94 | 14.45 | 10.90 |
| 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 | 227.91 | 91.17 | 92.72 | 135.65 | 137.32 |
| Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry Creditors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 176.23 | 153.29 | 100.71 | 117.24 | 110.65 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Advances received from customers | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Accrued But Not Due | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Share Application Money | 0.00 | 1.10 | 1.39 | 11.50 | 0.81 |
| 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 | 176.23 | 152.19 | 99.32 | 105.75 | 109.84 |
| 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 | 97.85 | 37.46 | 3.58 | 0.90 | 0.00 |
| 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 | 97.85 | 37.46 | 3.58 | 0.90 | 0.00 |
| Total Current Liabilities | 274.08 | 190.75 | 104.29 | 118.14 | 110.65 |
| Total Liabilities | 936.47 | 466.62 | 313.58 | 328.98 | 316.03 |
| ASSETS | 0 | 0 | 0 | 0 | 0 |
| Gross Block | 210.00 | 152.03 | 133.49 | 71.22 | 68.07 |
| Less: Accumulated Depreciation | 25.30 | 22.55 | 15.75 | 10.70 | 6.20 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 184.70 | 129.48 | 117.74 | 60.53 | 61.87 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 22.86 | 1.41 | 0.00 | 29.39 | 0.64 |
| Non Current Investments | 0.25 | 0.38 | 0.33 | 0.25 | 0.13 |
| Long Term Investment | 0.25 | 0.38 | 0.33 | 0.25 | 0.13 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.25 | 0.38 | 0.33 | 0.25 | 0.13 |
| 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 | 207.81 | 131.27 | 118.06 | 90.16 | 62.64 |
| 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 | 77.76 | 50.67 | 17.46 | 21.66 | 29.35 |
| Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Work-in Progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Finished Goods | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Inventory | 77.76 | 50.67 | 17.46 | 21.66 | 29.35 |
| Sundry Debtors | 534.54 | 231.88 | 100.46 | 104.54 | 110.02 |
| Debtors more than Six months | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors Others | 534.54 | 231.88 | 100.46 | 104.54 | 110.02 |
| Cash and Bank | 24.38 | 18.70 | 12.21 | 7.79 | 7.61 |
| Cash in hand | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Balances at Bank | 24.38 | 18.70 | 12.21 | 7.79 | 7.61 |
| Other cash and bank balances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest accrued on Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest accrued on Debentures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deposits with Government | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest accrued and or due on loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prepaid Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other current_assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Loans and Advances | 91.40 | 29.58 | 55.03 | 86.90 | 81.95 |
| Advances recoverable in cash or in kind | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Advance income tax and TDS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 91.40 | 29.58 | 55.03 | 86.90 | 81.95 |
| Total Current Assets | 728.07 | 330.83 | 185.16 | 220.89 | 228.93 |
| Net Current Assets (Including Current Investments) | 454.00 | 140.08 | 80.88 | 102.75 | 118.28 |
| Miscellaneous Expenses not written off | 0.59 | 4.53 | 10.35 | 17.93 | 24.46 |
| Total Assets | 936.47 | 466.62 | 313.58 | 328.98 | 316.03 |
| Contingent Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Debt | 211.05 | 79.00 | 80.78 | 121.20 | 126.42 |
| Book Value | 23.47 | 21.05 | 12.40 | 9.51 | 7.24 |
| Adjusted Book Value | 23.47 | 10.53 | 6.20 | 4.76 | 3.62 |