Balance Sheet ------------------- in Rs. Cr.

-------------------
  Sep Mar '06 Mar '07 Mar '08 Mar '09
'05
  12mth 6 mths 12 mths 12 mths 12 mths
s
Sources Of Funds
Total Share Capital 142.50 142.50 161.01 161.01 161.01
Equity Share Capital 105.33 105.33 123.84 123.84 123.84
Share Application Money 0.00 5.89 0.00 0.00 0.00
Preference Share Capital 37.17 37.17 37.17 37.17 37.17
Reserves - -115.42 -35.23 50.33 36.49
112.07
Revaluation Reserves 102.58 102.52 79.13 0.00 0.00
Networth 133.01 135.49 204.91 211.34 197.50
Secured Loans 0.00 0.00 0.00 32.16 28.26
Unsecured Loans 11.91 14.05 11.08 9.56 0.00
Total Debt 11.91 14.05 11.08 41.72 28.26
Total Liabilities 144.92 149.54 215.99 253.06 225.76
  Sep Mar '06 Mar '07 Mar '08 Mar '09
'05
  12mth 6 mths 12 mths 12 mths 12 mths
s
Application Of Funds
Gross Block 90.51 89.20 119.64 79.38 50.72
Less: Accum. Depreciation 7.67 6.56 7.03 0.00 0.00
Net Block 82.84 82.64 112.61 79.38 50.72
Capital Work in Progress 0.00 0.00 9.09 0.00 0.00
Investments 32.30 32.30 23.83 39.38 68.11
Inventories 39.61 39.38 1.35 43.53 28.40
Sundry Debtors 2.67 2.58 2.91 23.66 23.93
Cash and Bank Balance 0.15 1.11 0.78 25.80 14.38
Total Current Assets 42.43 43.07 5.04 92.99 66.71
Loans and Advances 6.12 9.16 38.62 86.59 110.51
Fixed Deposits 3.57 3.46 50.01 0.00 0.00
Total CA, Loans & Advances 52.12 55.69 93.67 179.58 177.22
Deffered Credit 0.00 0.00 0.00 0.00 0.00
Current Liabilities 13.90 12.48 17.13 35.78 40.57
Provisions 8.54 8.64 6.08 9.48 31.45
Total CL & Provisions 22.44 21.12 23.21 45.26 72.02
Net Current Assets 29.68 34.57 70.46 134.32 105.20
Miscellaneous Expenses 0.11 0.03 0.00 0.00 1.73
Total Assets 144.93 149.54 215.99 253.08 225.76
Contingent Liabilities 41.30 56.21 110.07 106.78 224.22
Book Value (Rs) -0.64 -0.96 7.16 14.06 12.95

Profit & Loss account

------------------- in Rs. Cr. -------------------

  Sep '05 Mar '06 Mar '07 Mar '08 Mar '09

  12 mths 6 mths 12 mths 12 mths 12 mths

Income
Sales Turnover 11.52 6.73 111.17 94.29 175.02
Excise Duty 1.32 0.76 2.08 4.75 3.57
Net Sales 10.20 5.97 109.09 89.54 171.45
Other Income 2.56 0.03 -7.10 3.06 2.12
Stock Adjustments 0.13 -0.14 -38.05 0.00 0.00
Total Income 12.89 5.86 63.94 92.60 173.57
Expenditure
Raw Materials 6.58 3.69 10.73 0.00 0.00
Power & Fuel Cost 1.37 0.66 2.00 0.00 0.00
Employee Cost 5.65 3.19 8.58 21.01 23.48
Other Manufacturing Expenses 1.05 0.29 6.54 50.33 84.79
Selling and Admin Expenses 1.89 0.81 12.31 2.34 4.28
Miscellaneous Expenses 0.35 0.20 0.62 9.28 16.22
Preoperative Exp Capitalised 0.00 0.00 0.00 0.00 0.00
Total Expenses 16.89 8.84 40.78 82.96 128.77
  Sep '05 Mar '06 Mar '07 Mar '08 Mar '09

  12 mths 6 mths 12 mths 12 mths 12 mths

Operating Profit -6.56 -3.01 30.26 6.58 42.68

PBDIT -4.00 -2.98 23.16 9.64 44.80
Interest 0.15 0.17 0.44 -0.44 0.34
PBDT -4.15 -3.15 22.72 10.08 44.46
Depreciation 0.23 0.11 0.38 0.87 1.21
Other Written Off 0.00 0.00 0.00 0.00 0.00
Profit Before Tax -4.38 -3.26 22.34 9.21 43.25
Extra-ordinary items 1.27 0.22 6.31 0.00 0.00
PBT (Post Extra-ord Items) -3.11 -3.04 28.65 9.21 43.25
Tax 0.01 0.03 2.25 3.38 18.78
Reported Net Profit -3.11 -3.35 26.41 5.83 24.46
Total Value Addition 10.30 5.15 30.04 82.95 128.78
Preference Dividend 0.00 0.00 0.00 0.00 0.00
Equity Dividend 0.00 0.00 0.00 0.00 0.00
Corporate Dividend Tax 0.00 0.00 0.00 0.00 0.00
Per share data (annualised)
Shares in issue (lakhs) 1,053.26 1,053.26 1,238.41 1,238.41 1,238.41
Earning Per Share (Rs) -0.30 -0.32 2.13 0.47 1.98
Equity Dividend (%) 0.00 0.00 0.00 0.00 0.00
Book Value (Rs) -0.64 -0.96 7.16 14.06 12.95