Equity Analysis

Particulars(INCOME)	Mar 2008 ( Cr)	Mar 2007 ( Cr)	Mar 2006 ( Cr)	Dec 2004 ( Cr)	Dec 2003 ( Cr)	Dec 2002 ( Cr)
Sales Turnover	46.79	65.88	93.56	89.78	102.86	96.56
Excise Duty	0.00	0.00	0.01	0.42	0.86	0.00
Net Sales	46.79	65.88	93.55	89.36	102.00	96.56
Other Income	0.98	0.67	0.39	0.50	0.63	0.26
Stock Adjustments	0.81	-0.12	-0.21	0.02	-0.86	-1.58
Total Income	48.58	66.43	93.73	89.88	101.77	95.24
EXPENDITURE :
Raw Materials	29.21	48.60	75.11	74.48	83.16	77.24
Power & Fuel Cost	3.92	3.80	3.93	2.95	2.82	2.73
Employee Cost	4.29	4.14	4.71	3.46	3.46	3.56
Other Manufacturing Expenses	7.47	6.37	7.63	5.49	6.78	7.93
Selling & Administrative Expenses	2.41	2.36	2.59	1.99	2.80	2.80
Miscellaneous Expenses	26.29	1.38	0.45	5.52	2.65	1.14
Less : Pre-operative Expenses Capitalised	0.00	0.00	0.00	0.00	0.00	0.00
Total Expenditure	73.59	66.65	94.42	93.89	101.67	95.40
Operating Profit	-25.01	-0.22	-0.69	-4.01	0.10	-0.16
Interest	0.60	0.82	3.58	10.39	10.96	11.15
Gross Profit	-25.61	-1.04	-4.27	-14.40	-10.86	-11.31
Depreciation	3.47	3.68	4.46	3.53	3.58	3.60
Profit Before Tax	-29.08	-4.72	-8.73	-17.93	-14.44	-14.91
Tax	0.00	0.00	0.00	0.02	0.00	-0.26
Fringe Benefit tax	0.02	0.02	0.03	0.00	0.00	0.00
Deferred Tax	0.00	0.00	0.00	0.00	0.00	0.00
Reported Net Profit	-29.10	-4.74	-8.76	-17.95	-14.44	-14.65
Extraordinary Items	-19.86	-0.03	0.00	-4.97	-0.03	-0.01
Adjusted Net Profit	-9.24	-4.71	-8.76	-12.98	-14.41	-14.64
Adjustment below Net Profit	0.00	-0.01	0.00	-0.05	0.00	0.00
P & L Balance brought forward	-46.11	-41.36	-32.60	-14.60	-2.03	12.62
Statutory Appropriations	0.00	0.00	0.00	0.00	0.00	0.00
Appropriations	0.00	0.00	0.00	0.00	-1.87	0.00
P & L Balance carried down	-75.21	-46.11	-41.36	-32.60	-14.60	-2.03
Dividend	0.00	0.00	0.00	0.00	0.00	0.00
Preference Dividend	0.00	0.00	0.00	0.00	0.00	0.00
Equity Dividend %	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Per Share(Rs)	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Per Share-Unit Curr	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Per Share(Adj)-Unit Curr	0.00	0.00	0.00	0.00	0.00	0.00
Book Value-Unit Curr	-21.74	-2.38	0.79	5.24	19.22	30.44
Book Value(Adj)-Unit Curr	-21.74	-2.38	0.79	5.24	19.22	30.44