| (Rs.in Million) |
| Particulars | Mar 2003 | Mar 2002 |
| INCOME : | | |
| Gross Sales | 232.10 | 230.00 |
| Sales | 232.10 | 230.00 |
| Job Work/ Contract Receipts | | |
| Processing Charges / Service Income | | |
| Revenue from property development | | |
| Other Operational Income | 0.00 | 0.00 |
| Less: Excise Duty | 29.20 | 26.20 |
| Net Sales | 143.90 | 165.80 |
| EXPENDITURE : | | |
| Increase/Decrease in Stock | -2.00 | 2.10 |
| Raw Material Consumed | 64.00 | 95.70 |
| Opening Raw Materials | 7.60 | |
| Purchases Raw Materials | 64.70 | 78.10 |
| Closing Raw Materials | 8.30 | 7.60 |
| Other Direct Purchases / Brought in cost | | 25.10 |
| Other raw material cost | 0.00 | 0.00 |
| Power & Fuel Cost | 21.50 | 23.30 |
| Electricity & Power | 21.50 | 23.30 |
| Oil, Fuel & Natural gas | 0.00 | 0.00 |
| Coals etc | 0.00 | 0.00 |
| Other power & fuel | 0.00 | 0.00 |
| Employee Cost | 29.20 | 35.60 |
| Salaries, Wages & Bonus | 23.10 | 26.40 |
| Contributions to EPF & Pension Funds | 2.10 | 4.70 |
| Workmen and Staff Welfare Expenses | 4.10 | 4.60 |
| Other Employees Cost | 0.00 | 0.00 |
| Other Manufacturing Expenses | 11.40 | 9.90 |
| Sub-contracted / Out sourced services | | |
| Processing Charges | 5.50 | 3.70 |
| Repairs and Maintenance | 2.00 | 2.60 |
| Packing Material Consumed | | |
| Other Mfg Exp | 3.90 | 3.50 |
| General and Administration Expenses | 18.00 | 21.50 |
| Rent , Rates & Taxes | 0.60 | 0.50 |
| Insurance | 0.40 | 0.50 |
| Printing and stationery | 2.40 | 3.60 |
| Professional and legal fees | | |
| Traveling and conveyance | 11.60 | 13.60 |
| Other Administration | 14.60 | 16.80 |
| Selling and Distribution Expenses | 3.20 | 4.90 |
| Advertisement & Sales Promotion | | |
| Sales Commissions & Incentives | 2.00 | 3.20 |
| Freight and Forwarding | 0.90 | 1.40 |
| Handling and Clearing Charges | 0.00 | 0.00 |
| Other Selling Expenses | 0.30 | 0.30 |
| Miscellaneous Expenses | 15.90 | 12.70 |
| Bad debts /advances written off | | |
| Provision for doubtful debts | | |
| Losson disposal of fixed assets(net) | 0.60 | 0.80 |
| Losson foreign exchange fluctuations | | |
| Losson sale of non-trade current investments | 1.90 | 5.80 |
| Other Miscellaneous Expenses | 13.40 | 6.00 |
| Less: Expenses Capitalised | | |
| Total Expenditure | 161.30 | 205.60 |
| Operating Profit (Excl OI) | -17.40 | -39.70 |
| Other Income | 5.20 | 4.20 |
| Interest Received | 0.00 | 0.00 |
| Dividend Received | 0.00 | 0.00 |
| Profit on sale of Fixed Assets | | |
| Profits on sale of Investments | | |
| Provision Written Back | 4.10 | 1.10 |
| Foreign Exchange Gains | | |
| Others | 1.10 | 3.20 |
| Operating Profit | -12.20 | -35.50 |
| Interest | 28.90 | 50.70 |
| InterestonDebenture / Bonds | | |
| Interest on Term Loan | | |
| Intereston Fixed deposits | | |
| Bank Charges etc | | |
| Other Interest | 28.90 | 50.70 |
| PBDT | -41.10 | -86.20 |
| Depreciation | 10.40 | 10.70 |
| Profit Before Taxation & Exceptional Items | -51.50 | -96.90 |
| Exceptional Income / Expenses | | |
| Profit Before Tax | -51.50 | -96.90 |
| Provision for Tax | -27.80 | 62.50 |
| Current Income Tax | -27.80 | 62.50 |
| Deferred Tax | | |
| Other taxes | -27.80 | 62.50 |
| Profit After Tax | -23.70 | -159.40 |
| Extra items | 0.00 | 0.00 |
| Minority Interest | | |
| Share of Associate | | |
| Other Consolidated Items | | |
| Consolidated Net Profit | -23.70 | -159.40 |
| Adjustments to PAT | -1.50 | 0.10 |
| Profit Balance B/F | -210.10 | -50.80 |
| Appropriations | -235.30 | -210.10 |
| General Reserves | | |
| Proposed Equity Dividend | | |
| Corporate dividend tax | | |
| Other Appropriation | | |
| Equity Dividend % | | |
| Earnings Per Share | -1.00 | -7.00 |
| Adjusted EPS | -1.00 | -7.00 |