Particulars                       

As at 31.3.2007

As at 31.3.2006

SOURCES OF FUNDS

Shareholders` Funds:

Share Capital

2050.00

2049.99

Reserves and Surplus

9326.02

9578.12

11376.02

11628.11

Loan Funds:

Secured Loans

11326.76

12730.42

22702.78

24358.53

APPLICATION OF FUNDS

Fixed Assets:

Gross Block  

29724.87

29611.78

Depreciation

12997.74

11773.98

Net Block

16727.13

17837.80

Capital Work-in-Progress

332.66

283.08

17059.79

18120.88

Net Deferred Tax Assets

405.56

493.31

Current Assets, Loans & Advances

5570.57

5786.08

Less: Current Liabilities & Provisions

2897.26

2771.20

Net Current Assets

2673.31

3014.88

Miscellaneous Expenditure

(to the extent not written off or adjusted)

    352.22

    418.33

Profit and Loss Account

  2211.90

 2311.13

22702.78

24358.53

Particulars                       

2006-07

2005-06

INCOME

Gross Sales

23578.54

24586.24

Less: Excise Duty

  3406.12

  3547.76

Net Sales

20172.42

21038.48

Other Income

254.83

287.82

Increase/(Decrease) in Stock

      70.87

      14.02

20498.12

21340.32

EXPENDITURE 

Purchase of Trading Items

321.73

199.47

Direct Manufacturing Expenses

14952.58

14137.64

Employee Remuneration and Benefits

1326.55

1312.51

Other Operating & Administration Expenses

480.56

535.06

Selling and Distribution Expenses

544.22

662.75

Finance Charges

1257.95

1360.14

Miscellaneous Expenses Written Off

241.76

239.39

Depreciation

  1117.69

  1103.60

20243.04

19550.56

Profit for the year

255.08

1789.76

Expenses/(Income) relating to previous year

  19.21

            -

Profit before taxation

235.87

1789.76

Provision for Taxation:

Fringe Benefit Tax

11.25

16.55

Income Tax

37.64

135.21

Deferred Tax

  87.75

  373.36

Profit after taxation 

99.23

1264.64

Profit/(Loss) of previous years

(2311.13)

(4442.44)

Deferred Tax Assets

              -

   866.67

(2311.13)

(3575.77)

Amount available for Appropriations

(2211.90)

(2311.13)

Appropriations

Loss carried to Balance Sheet

(2211.90)

(2311.13)

Earnings per Share (Annualised)

Basic (in Rs.)

0.48

6.17

Diluted (in Rs.)

0.28

2.28

Number of Shares used in computing Earnings per Share

Basic

20482906

20482890

Diluted

66070548

59165590