I. SOURCES OF FUNDS

Schedule

Previous Year

1. Shareholders' Funds

a. Share Capital

1

7,470.49

7,470.49

b. Reserves & Surplus

2

26,367.30

30,323.04

33,837.79

37,793.53

2. Loan Funds

Secured Loans

3

10,832.88

13,729.54

3. Deferred Tax Liability

7,448.56

-

TOTAL

52,119.23

51,523.07

II. APPLICATION OF FUNDS

1. Fixed Assets (At Cost)

4

a. Gross Block

61,569.46

60,953.57

b. Less : Depreciation / Amortisation

28,791.17

25,813.45

c. Net Block

32,778.29

35,140.12

d. Capital Work-in-Progress

213.34

478.47

32,991.63

35,618.59

2. Investments

5

3,130.00

1,837.14

3. Current Assets, Loans & Advances

6

a. Interest Accrued on Deposits

136.08

252.44

b. Inventories

6,492.25

8,639.44

c. Sundry Debtors

9,797.67

10,199.53

d. Cash and Bank Balances

3,463.36

3,245.72

e. Loans and Advances

10,873.53

8,705.40

30,762.89

31,042.53

Less : Current Liabilities & Provisions

7

a. Liabilities

7,163.61

10,498.22

b. Provisions

7,601.68

6,476.97

14,765.29

16,975.19

Net Current Assets

15,997.60

14,067.34

TOTAL

52,119.23

51,523.07

As per our Report of even date
For B.K. KHARE & CO.
Chartered Accountants
D.P. BAPAT
Partner

C.K. MEHTA
Chairman

D.C. MEHTA
Managing Director

S.S. MARATHE
Director

N.C. SINGHAL
Director

Mumbai
Dated 15th June, 2002

S.C. MEHTA
Deputy Managing Director

R. SRIRAMAN
Company Secretary & Chief (Law)

Mumbai
Dated 15th June, 2002