| (Rs.in Million) |
| Particulars | Mar 2003 | Mar 2002 |
| EQUITY AND LIABILITIES | 0 | 0 |
| Share Capital | 48.48 | 48.48 |
| Equity - Authorised | 52.50 | 52.50 |
| Equity - Issued | 48.87 | 48.87 |
| Equity Paid Up | 48.48 | 48.48 |
| Equity Shares Forfeited | 0.00 | 0.00 |
| Adjustments to Equity | 0.00 | 0.00 |
| Preference Capital Paid Up | 0.00 | 0.00 |
| Face Value | 10.00 | 10.00 |
| Share Warrants & Outstandings | 0.00 | 0.00 |
| Total Reserves | 15.09 | 28.15 |
| Securities Premium | 108.26 | 108.26 |
| Capital Reserves | 0.01 | 0.01 |
| Profit & Loss Account Balance | -98.79 | -85.72 |
| General Reserves | 5.60 | 5.60 |
| Other Reserves | 0.00 | 0.00 |
| Reserve excluding Revaluation Reserve | 15.09 | 28.15 |
| Revaluation reserve | 0.00 | 0.00 |
| Shareholder's Funds | 63.56 | 76.63 |
| Minority Interest | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 |
| Secured Loans | 51.77 | 52.03 |
| Non Convertible Debentures | 0.00 | 0.00 |
| Converible Debentures & Bonds | 0.00 | 0.00 |
| Packing Credit - Bank | 0.00 | 0.00 |
| Inter Corporate & Security Deposit | 0.00 | 0.00 |
| Term Loans - Banks | 2.69 | 2.25 |
| Term Loans - Institutions | 13.00 | 12.00 |
| Other Secured | 36.09 | 37.77 |
| Unsecured Loans | 14.36 | 7.70 |
| Fixed Deposits - Public | 0.00 | 0.00 |
| Loans and advances from subsidiaries | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 |
| Loans - Banks | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 |
| Loans - Others | 8.76 | 3.14 |
| Other Unsecured Loan | 5.60 | 4.56 |
| Deferred Tax Assets / Liabilities | 0.00 | 0.00 |
| Deferred Tax Assets | 0.00 | 0.00 |
| Deferred Tax Liability | 0.00 | 0.00 |
| Other Long Term Liabilities | 0.00 | 0.00 |
| Long Term Trade Payables | 0.00 | 0.00 |
| Long Term Provisions | 0.00 | 0.00 |
| Total Non-Current Liabilities | 66.14 | 59.73 |
| Current Liabilities | 0 | 0 |
| Trade Payables | 25.31 | 24.10 |
| Sundry Creditors | 25.31 | 24.10 |
| Acceptances | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 |
| Other Current Liabilities | 32.20 | 22.97 |
| Bank Overdraft / Short term credit | 2.95 | 2.65 |
| Advances received from customers | 0.00 | 0.00 |
| Interest Accrued But Not Due | 0.00 | 0.00 |
| Share Application Money | 0.00 | 0.00 |
| Current maturity of Debentures & Bonds | 0.00 | 0.00 |
| Current maturity - Others | 0.00 | 0.00 |
| Other Liabilities | 29.26 | 20.32 |
| Short Term Borrowings | 0.00 | 0.00 |
| Secured ST Loans repayable on Demands | 0.00 | 0.00 |
| Working Capital Loans- Sec | 0.00 | 0.00 |
| Buyers Credits - Unsec | 0.00 | 0.00 |
| Commercial Borrowings- Unsec | 0.00 | 0.00 |
| Other Unsecured Loans | 0.00 | 0.00 |
| Short Term Provisions | 2.10 | 2.35 |
| Proposed Equity Dividend | 0.00 | 0.00 |
| Provision for Corporate Dividend Tax | 0.00 | 0.00 |
| Provision for Tax | 2.10 | 2.35 |
| Provision for post retirement benefits | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 |
| Other Provisions | 0.00 | 0.00 |
| Total Current Liabilities | 59.62 | 49.42 |
| Total Liabilities | 129.70 | 136.36 |
| ASSETS | 0 | 0 |
| Gross Block | 32.31 | 31.77 |
| Less: Accumulated Depreciation | 22.37 | 20.36 |
| Less: Impairment of Assets | 0.00 | 0.00 |
| Net Block | 9.94 | 11.41 |
| Lease Adjustment A/c | 0.00 | 0.00 |
| Capital Work in Progress | 0.00 | 0.00 |
| Non Current Investments | 0.02 | 0.02 |
| Long Term Investment | 0.02 | 0.02 |
| Quoted | 0.00 | 0.00 |
| Unquoted | 0.02 | 0.02 |
| Long Term Loans & Advances | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 |
| Total Non-Current Assets | 9.96 | 11.43 |
| Current Assets Loans & Advances | 0 | 0 |
| Currents Investments | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 |
| Inventories | 65.12 | 51.74 |
| Raw Materials | 0.68 | 0.03 |
| Work-in Progress | 0.00 | 0.00 |
| Finished Goods | 0.12 | 0.13 |
| Packing Materials | 1.41 | 0.00 |
| Stores and Spare | 0.00 | 0.00 |
| Other Inventory | 62.91 | 51.59 |
| Sundry Debtors | 72.83 | 70.38 |
| Debtors more than Six months | 7.46 | 12.59 |
| Debtors Others | 65.37 | 57.79 |
| Cash and Bank | 2.27 | 2.92 |
| Cash in hand | 0.35 | 0.46 |
| Balances at Bank | 1.93 | 2.46 |
| Other cash and bank balances | 0.00 | 0.00 |
| Other Current Assets | 0.00 | 0.00 |
| Interest accrued on Investments | 0.00 | 0.00 |
| Interest accrued on Debentures | 0.00 | 0.00 |
| Deposits with Government | 0.00 | 0.00 |
| Interest accrued and or due on loans | 0.00 | 0.00 |
| Prepaid Expenses | 0.00 | 0.00 |
| Other current_assets | 0.00 | 0.00 |
| Short Term Loans and Advances | 9.31 | 8.75 |
| Advances recoverable in cash or in kind | 4.62 | 4.66 |
| Advance income tax and TDS | 0.87 | 0.95 |
| Amounts due from directors | 0.00 | 0.00 |
| Due From Subsidiaries | 0.00 | 0.00 |
| Inter corporate deposits | 0.00 | 0.00 |
| Corporate Deposits | 0.00 | 0.00 |
| Other Loans & Advances | 3.82 | 3.14 |
| Total Current Assets | 149.53 | 133.80 |
| Net Current Assets (Including Current Investments) | 89.92 | 84.38 |
| Miscellaneous Expenses not written off | 29.82 | 40.55 |
| Total Assets | 129.70 | 136.36 |
| Contingent Liabilities | 77.09 | 43.80 |
| Total Debt | 66.14 | 59.73 |
| Book Value | 6.96 | 7.44 |
| Adjusted Book Value | 6.96 | 7.44 |