BALANCE SHEET AS AT 31st March, 2008

	Schedule No.	As At 31.03.2008 (Rs.)		As At 31.03.2007 (Rs.)
SOURCES OF FUNDS
Shareholders' Funds
Share Capital	1	102,130,250		102,130,250
Reserves and Surplus	2	110,158,608	212,288,858	110,158,608	212,288,858
Loan Funds	3
Secured Loans		-		15,470,229
Unsecured Loans		49,852,027	49,852,027	103,443,233	118,913,462
Total			262,140,885		331,202,320
APPLICATION OF FUNDS
Fixed Assets	4
Gross Block		148,572,953		157,020,847
Less: Depreciation including Impairment		139,336,815		143,379,053
		9,236,138		13,641,794
Less: Accumulated Lease Adjustment		5,411,705		9,709,219
Net Block			3,824,433		3,932,575
Investments	5		34,580,992		49,517,486
Current Assets, Loans and Advances	6
Interest Accrued on Government Securities		103,555		147,324
Lease Receivable		4,836,168		5,617,197
Sundry Debtors		105,587,856		133,489,122
Cash and Bank Balances		4,104,315		33,613,002
Loans and Advances		100,712,460		113,917,683
Total		215,344,354		286,784,328
Less: Currnet Liabilities & Provisions	7
Current Liabilities		39,328,378		42,254,172
Provisions		175,162,730		136,659,271
		214,491,108		178,913,443
Net Current Assets			853,246		107,870,885
Profit & Loss Account		239,135,264		186,134,424
Less: general Reserve (as per contra)		16,253,050	222,882,214	16,253,050	169,881,374
Total			262,140,885		331,202,320
Significant Accounting Policies	13
Notes to Accounts	14
The Schedule referred to above form an integral part of the Accounts