| (Rs.in Million) |
| Particulars | Mar 2005 | Mar 2004 | Mar 2003 | Mar 2002 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 |
| Share Capital | 72.65 | 72.00 | 72.31 | 72.31 |
| Equity - Authorised | 70.00 | 70.00 | 70.00 | 70.00 |
| Equity - Issued | 65.00 | 65.00 | 65.00 | 65.00 |
| Equity Paid Up | 65.00 | 65.00 | 65.00 | 65.00 |
| Equity Shares Forfeited | 0.00 | 0.00 | 0.00 | 0.00 |
| Adjustments to Equity | 0.00 | 0.00 | 0.00 | 0.00 |
| Preference Capital Paid Up | 7.65 | 7.00 | 7.31 | 7.31 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 |
| Share Warrants & Outstandings | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Reserves | -6.17 | 8.89 | -5.21 | -8.82 |
| Securities Premium | 0.07 | 0.06 | 0.06 | 0.06 |
| Capital Reserves | 18.40 | 13.12 | 14.93 | 14.05 |
| Profit & Loss Account Balance | -54.77 | -23.07 | -31.94 | -24.09 |
| General Reserves | 30.13 | 18.78 | 11.74 | 1.17 |
| Other Reserves | 0.00 | 0.00 | 0.00 | 0.00 |
| Reserve excluding Revaluation Reserve | -6.17 | 8.89 | -5.21 | -8.82 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | 66.48 | 80.89 | 67.11 | 63.49 |
| Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured Loans | 0.94 | 1.39 | 1.26 | 1.17 |
| Non Convertible Debentures | 0.00 | 0.00 | 0.00 | 0.00 |
| Converible Debentures & Bonds | 0.00 | 0.00 | 0.00 | 0.00 |
| Packing Credit - Bank | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate & Security Deposit | 0.00 | 0.00 | 0.00 | 0.00 |
| Term Loans - Banks | 0.25 | 0.48 | 0.01 | 0.07 |
| Term Loans - Institutions | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Secured | 0.69 | 0.91 | 1.25 | 1.09 |
| Unsecured Loans | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Deposits - Public | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans and advances from subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Banks | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Others | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loan | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets / Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liability | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Long Term Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Trade Payables | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Provisions | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-Current Liabilities | 0.94 | 1.39 | 1.26 | 1.17 |
| Current Liabilities | 0 | 0 | 0 | 0 |
| Trade Payables | 16.73 | 21.32 | 9.49 | 16.66 |
| Sundry Creditors | 16.73 | 21.32 | 9.49 | 16.66 |
| Acceptances | 0.00 | 0.00 | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 12.76 | 9.86 | 8.33 | 6.99 |
| Bank Overdraft / Short term credit | 11.00 | 7.68 | 7.27 | 5.80 |
| Advances received from customers | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Accrued But Not Due | 0.00 | 0.00 | 0.00 | 0.00 |
| Share Application Money | 0.00 | 0.00 | 0.00 | 0.00 |
| Current maturity of Debentures & Bonds | 0.00 | 0.00 | 0.00 | 0.00 |
| Current maturity - Others | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 1.76 | 2.19 | 1.06 | 1.18 |
| Short Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured ST Loans repayable on Demands | 0.00 | 0.00 | 0.00 | 0.00 |
| Working Capital Loans- Sec | 0.00 | 0.00 | 0.00 | 0.00 |
| Buyers Credits - Unsec | 0.00 | 0.00 | 0.00 | 0.00 |
| Commercial Borrowings- Unsec | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loans | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Provisions | 0.30 | 0.90 | 18.30 | 17.99 |
| Proposed Equity Dividend | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for Corporate Dividend Tax | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for Tax | 0.30 | 0.30 | 0.30 | 0.05 |
| Provision for post retirement benefits | 0.00 | 0.00 | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Provisions | 0.00 | 0.60 | 18.00 | 17.94 |
| Total Current Liabilities | 29.79 | 32.08 | 36.12 | 41.63 |
| Total Liabilities | 97.21 | 114.37 | 104.49 | 106.29 |
| ASSETS | 0 | 0 | 0 | 0 |
| Gross Block | 153.77 | 143.92 | 138.19 | 123.90 |
| Less: Accumulated Depreciation | 129.56 | 109.12 | 98.24 | 80.16 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 24.21 | 34.79 | 39.94 | 43.74 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 | 0.00 |
| Non Current Investments | 0.00 | 0.00 | 0.00 | 0.89 |
| Long Term Investment | 0.00 | 0.00 | 0.00 | 0.89 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 | 0.00 | 0.89 |
| Long Term Loans & Advances | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-Current Assets | 24.21 | 34.79 | 39.94 | 44.63 |
| Current Assets Loans & Advances | 0 | 0 | 0 | 0 |
| Currents Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 18.70 | 22.01 | 13.50 | 12.43 |
| Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 |
| Work-in Progress | 0.00 | 0.00 | 0.00 | 0.00 |
| Finished Goods | 0.00 | 0.00 | 0.00 | 0.00 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Inventory | 18.70 | 22.01 | 13.50 | 12.43 |
| Sundry Debtors | 37.35 | 30.88 | 25.85 | 26.12 |
| Debtors more than Six months | 0.38 | 0.00 | 0.00 | 0.83 |
| Debtors Others | 36.98 | 30.88 | 25.85 | 25.30 |
| Cash and Bank | 3.47 | 9.24 | 5.15 | 6.19 |
| Cash in hand | 1.53 | 0.49 | 0.05 | 0.03 |
| Balances at Bank | 1.94 | 8.75 | 5.10 | 6.15 |
| Other cash and bank balances | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 0.20 | 0.20 | 0.15 | 0.09 |
| Interest accrued on Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest accrued on Debentures | 0.00 | 0.00 | 0.00 | 0.00 |
| Deposits with Government | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest accrued and or due on loans | 0.00 | 0.00 | 0.00 | 0.00 |
| Prepaid Expenses | 0.09 | 0.08 | 0.07 | 0.06 |
| Other current_assets | 0.11 | 0.11 | 0.08 | 0.03 |
| Short Term Loans and Advances | 13.29 | 17.25 | 19.89 | 16.84 |
| Advances recoverable in cash or in kind | 6.03 | 10.47 | 10.09 | 7.20 |
| Advance income tax and TDS | 0.34 | 0.34 | 0.58 | 0.39 |
| Amounts due from directors | 0.00 | 0.00 | 0.00 | 0.00 |
| Due From Subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter corporate deposits | 2.77 | 2.78 | 2.78 | 2.66 |
| Corporate Deposits | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Loans & Advances | 4.15 | 3.66 | 6.45 | 6.59 |
| Total Current Assets | 73.01 | 79.57 | 64.55 | 61.67 |
| Net Current Assets (Including Current Investments) | 43.22 | 47.49 | 28.42 | 20.03 |
| Miscellaneous Expenses not written off | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 97.21 | 114.37 | 104.49 | 106.29 |
| Contingent Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Debt | 0.94 | 1.39 | 1.26 | 1.17 |
| Book Value | 9.05 | 11.37 | 9.20 | 8.64 |
| Adjusted Book Value | 9.05 | 11.37 | 9.20 | 8.64 |