| (Rs. in Millions) |
| Particulars | Mar 2005 | Mar 2004 | Mar 2003 | Mar 2002 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 |
| Share Capital | 63.58 | 63.58 | 63.58 | 63.58 |
| Equity - Authorised | 100.00 | 100.00 | 100.00 | 100.00 |
| Equity - Issued | 76.00 | 76.00 | 76.00 | 76.00 |
| Equity Paid Up | 63.58 | 63.58 | 63.58 | 63.58 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 |
| Share Warrants & Outstandings | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Reserves | -146.84 | -109.62 | -94.93 | -68.73 |
| Securities Premium | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Reserves | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit & Loss Account Balance | -146.84 | -109.62 | -94.93 | -68.73 |
| General Reserves | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Reserves | 0.00 | 0.00 | 0.00 | 0.00 |
| Reserve excluding Revaluation Reserve | -146.84 | -109.62 | -94.93 | -68.73 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | -83.26 | -46.03 | -31.35 | -5.15 |
| Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured Loans | 139.02 | 139.02 | 139.11 | 139.26 |
| 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 | 12.49 | 12.49 | 12.49 | 12.49 |
| Inter Corporate & Security Deposit | 0.00 | 0.00 | 0.00 | 0.00 |
| Term Loans - Banks | 0.00 | 0.00 | 0.00 | 0.00 |
| Term Loans - Institutions | 123.89 | 123.89 | 123.89 | 124.04 |
| Other Secured | 2.64 | 2.64 | 2.72 | 2.72 |
| Unsecured Loans | 167.45 | 167.45 | 167.47 | 163.64 |
| 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 | 167.45 | 167.45 | 167.47 | 163.64 |
| 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 | 306.48 | 306.48 | 306.58 | 302.90 |
| Current Liabilities | 0 | 0 | 0 | 0 |
| Trade Payables | 130.80 | 130.78 | 131.89 | 142.23 |
| Sundry Creditors | 130.80 | 130.78 | 131.89 | 142.23 |
| 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 | 37.13 | 26.29 | 26.33 | 26.49 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 | 0.00 | 0.00 |
| Advances received from customers | 18.34 | 18.34 | 18.34 | 18.34 |
| 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 | 18.79 | 7.95 | 7.99 | 8.16 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 167.93 | 157.07 | 158.22 | 168.72 |
| Total Liabilities | 391.14 | 417.51 | 275.22 | 297.74 |
| ASSETS | 0 | 0 | 0 | 0 |
| Gross Block | 125.20 | 115.00 | 115.00 | 115.00 |
| Less: Accumulated Depreciation | 29.98 | 25.75 | 21.46 | 17.17 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 95.22 | 89.25 | 93.54 | 97.83 |
| 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 | 0.00 |
| Long Term Investment | 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 |
| 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 | 95.22 | 89.25 | 93.54 | 97.83 |
| 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 | 84.50 | 129.73 | 139.23 | 159.73 |
| Raw Materials | 16.40 | 44.96 | 44.96 | 44.96 |
| Work-in Progress | 11.68 | 28.01 | 28.01 | 28.01 |
| Finished Goods | 10.58 | 10.92 | 20.42 | 40.92 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 3.55 | 3.55 | 3.55 | 3.55 |
| Other Inventory | 42.29 | 42.29 | 42.29 | 42.29 |
| Sundry Debtors | 207.16 | 193.52 | 194.95 | 195.05 |
| Debtors more than Six months | 207.16 | 193.52 | 194.95 | 195.05 |
| Debtors Others | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash and Bank | 0.43 | 0.86 | 1.22 | 3.78 |
| Cash in hand | 0.39 | 0.83 | 1.12 | 3.63 |
| Balances at Bank | 0.03 | 0.03 | 0.10 | 0.15 |
| Other cash and bank balances | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other current_assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Loans and Advances | 3.50 | 3.49 | 3.51 | 8.76 |
| Advances recoverable in cash or in kind | 1.55 | 1.54 | 1.54 | 8.14 |
| Advance income tax and TDS | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| Corporate Deposits | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Loans & Advances | 1.95 | 1.95 | 1.97 | 0.61 |
| Total Current Assets | 295.59 | 327.60 | 338.91 | 367.31 |
| Net Current Assets (Including Current Investments) | 127.66 | 170.53 | 180.69 | 198.59 |
| Miscellaneous Expenses not written off | 0.33 | 0.66 | 0.99 | 1.32 |
| Total Assets | 391.14 | 417.51 | 275.22 | 297.74 |
| Contingent Liabilities | 157.60 | 157.60 | 157.60 | 0.00 |
| Total Debt | 306.48 | 306.48 | 306.58 | 302.90 |
| Book Value | -13.15 | -7.34 | -5.09 | -1.02 |
| Adjusted Book Value | 0.00 | 0.00 | -5.09 | -1.02 |