Name of the Company BALANCE SHEET AS AT 31st MARCH, 2012 PARTICULARS Note No.

AS AT 31st MARCH, 2012 ` A EQUITY AND LIABILITIES 1 Shareholders funds (a) Share capital (b) Reserves and surplus (c) Money received against share warrants 2 Share application money pending allotment 3 Non-current liabilities (a) Long-term borrowings (b) Deferred tax liabilities (net) (c) Other long-term liabilities (d) Long-term provisions 4 Current liabilities (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions

1 2 3

4 5 6 7

8 9 10 11

TOTAL B ASSETS 1 Non-current assets (a) Fixed assets (i) Tangible assets (ii) Intangible assets (iii) Capital work-in-progress (iv) Intangible assets under development (v) Fixed assets held for sale

12 -

(b) Non-current investments (c) Deferred tax assets (net) (d) Long-term loans and advances (e) Other non-current assets 2 Current assets (a) Current investments (b) Inventories 13 14 15 16 -

17 18

(c) Trade receivables (d) Cash and cash equivalents (e) Short-term loans and advances (f) Other current assets

19 20 21 22

TOTAL See accompanying notes forming part of the financial statements In terms of our report attached. For _______________________ Chartered Accountants

For and on behalf of the Board of Directors

RAJENDRA B. SHAH & CO. (Proprietor)

Chairman

Chief Financial Officer Place : Date : Place : Date :

AS AT 31st MARCH, 2011 `

DIFFERENCE DIFFERENCE 2010-11 2011-12 -

of the Board of Directors

Managing Director

Company Secretary

NAME OF THE COMPANY STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31st MARCH, 2012 NOTE PARTICULARS REVENUE FROM OPERATIONS REVENUE FROM OPERATIONS OTHER INCOME I TOTAL REVENUE EXPENSES: COST OF MATERIAL CONSUMED PURCHASE OF STOCK-IN-TRADE CHANGES IN INVENTORIES OF FINISHED GOODS WORK-IN-PROGRESS AND STOCK -IN-TRADE EMPLOYEE BENEFITS EXPENSES FINANCE COSTS DEPRECIATION AND AMORTIZATION EXPENSE OTHER EXPENSES II TOTAL EXPENSES 28 29 30 31 32 33 #DIV/0! 25 26 27 23 24 NO. AS AT 31st MARCH, 2012 `

III PROFIT BEFORE EXCEPTIONAL AND EXTRAORDINARY ITEMS AND TAX ( I - II ) IV V EXCEPTIONAL ITEMS PROFIT BEFORE EXTRAORDINARY ITEMS AND TAX ( III - IV ) EXTRAORDINARY ITEMS VI PROFIT BEFORE TAX (V-VI) TAX EXPENSE VII CURRENT TAX VIII EARLIAR YEARS TAX IX X XI DEFERRED TAX PROFIT(LOSS) FOR THE PERIOD FROM CONTINUING OPERATIONS (VI-VII-VIII-IX) PROFIT(LOSS) FROM DISCONTINUING OPERATIONS XIII TAX EXPENSE OF DISCONTINUING OPERATIONS XIV PROFIT(LOSS) FROM DISCONTINUING OPERATIONS (AFTER TAX) (XI-XIII) XV PROFIT (LOSS) FOR THE PERIOD (X-XIV) EARNING PER EQUITY SHARE BASIC DILUTED

In terms of our report attached. For NAME OF THE COMPANY Chartered Accountants For and on behalf of the Board of Directors

RAJENDRA B. SHAH & CO. (Proprietor)

Chairman

Chief Financial Officer Place : Date : Place : Date :

ED 31st MARCH, 2012 AS AT 31st MARCH, 2011 ` #DIV/0!

lf of the Board of Directors

Managing Director

Company Secretary

Name of the Company NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH, 2012 NOTE No. 1 PARTICULARS SHARE CAPITAL Authorised Share Capital _______Equity Shares of ` __each Issued, Subscribed and Paid up _______Equity Shares of ` __each Less: Calls in Arrears TOTAL AS AT 31st MARCH, 2012 ` -

(i) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting period:
Equity shares Equity Shares at the beginning of the year Add : Fresh Issue of shares Add : ESOP Add : Bonus shares Less: Buy back of shares Equity shares at the end of the year 2 RESERVES AND SURPLUS (a) Capital Reserve Opening balance Add: Additions during the year Less:Utilised / transferred during the year Closing balance (b) Capital Redemption Reserve Opening balance Add: Additions during the year Less:Utilised / transferred during the year Closing balance (c) Secirities Premium Account Opening balance Add: Additions during the year Less:Utilised / transferred during the year Closing balance

(d) Revaluation Reserve Opening balance Add: Additions during the year Less:Utilised / transferred during the year Closing balance (e) General Reserve Opening balance Add: Transfer from Profit & Loss Statement Less:Utilised / transferred during the year Closing balance (f) Surplus/(Deficit) in Statement of Profit & Loss Opening Balance Add: profit/Loss during the year Less:Interim Dividend Less: Transfer to General Reserve Closing Balance TOTAL 3 MONEY RECEIVED AGAINST SHARE WARRANTS The Company does not have received money against Share Warrants LONG TERM BORROWINGS (I) Term Loans (a) From Banks Secured Unsecured

(b) From Other Parties Secured Unsecured (II) Loans & Advances from Related Parties Secured Unsecured (III) Others (Other than above) Secured

Unsecured TOTAL 5 Deferred Tax Liabilities Deferred Tax Assets Net Deffered Tax 6 OTHER LONG TERM LIABILITIES (i) Trade Payables -

(II) Others

7 A B C LONG TERM PROVISIONS 8 SHORT TERM BORROWINGS (I) Term Loans (a) From Banks Secured Unsecured (b) From Other Parties Secured Unsecured (II) Loans & Advances from Related Parties Secured Unsecured -

(III) Others (Other than above) Secured Unsecured TOTAL 9 (i) Acceptance TRADE PAYABLES -

(II) Other than Acceptance

10 (i) Statutory (II) Others 11 SHORT TERM PROVISIONS OTHER CURRENT LIABILITIES

ADDITIONAL INFORMATIONS TO AND FORMING PART OF FINANCIAL STATEMENT FOR THE YEAR ENDED

31st MARCH, 2012 REF. NO. PARTICULARS AS AT 31st MARCH, 2012 `

ED 31st MARCH, 2012 AS AT 31st MARCH, 2011 ` -

tanding at the beginning and

TEMENT FOR THE YEAR ENDED

AS AT 31st MARCH, 2011 `

Name of the Company NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH, 2012 NOTE No. PARTICULARS AS AT 31st MARCH, 2012 ` AS AT 31st MARCH, 2011 `

12

FIXED ASSETS (AS PER ANNEXURE - A)

13 (I) a b c d

NON CURRENT INVESTMENTS Trade Investments Quated Investments in Equity Investment in Preference Investments in Debentures/ Bonds Investment in Others

a b c d e

Unquoted Investments in Equity Investment in Preference Investments in Debentures/ Bonds Investment in Partnership Firm Investment in Others

14

Deferred Tax Assets Deferred Tax Liabilities Net Deffered Tax

15

LONG TERM LOANS & ADVANCES (a) Capital advances Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful advances (b) Security deposits Secured, considered good Unsecured, considered good Doubtful -

Less: Provision for doubtful deposits (c) Loans and advances to related parties Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful loans and advances (d) Other Loans & Advances Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful loans and advances 16 OTHER NON CURRENT ASSETS Miscllaneous Expenditure (to the extent not written off) -

17 (I) a b c d

CURRENT INVESTMENTS Trade Investments Quated Investments in Equity Investment in Preference Investments in Debentures/ Bonds Investment in Others

a b c d e

Unquoted Investments in Equity Investment in Preference Investments in Debentures/ Bonds Investment in Partnership Firm Investment in Others

18 Raw-Materials

INVENTORIES -

Work-in-progress Finished Goods Stock-In-trade (Acquired in Trading) Store and Spare Loose Tools Other (specify Nature)

19

TRADE RECIVABLES (A) Outstanding For More Then Six Months Secured Unsecured Doubtfull Less:Provision for Doubtfull Debts

(B) Others Secured Unsecured Doubtfull Less:Provision for Doubtfull Debts

TOTAL -

20

CASH AND CASH EQUIVALENTS Cash On Hand Balance With Bank BANK A BANK B BANK C

TOTAL -

21

SHORT TERM LOANS & ADVANCES (a) Loans and advances to related parties Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful loans and advances (b) Security deposits -

Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful deposits

(c) Loans and advances to employees Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful loans and advances (d) Prepaid expenses A B C -

(e) Balances with government authorities Unsecured, considered good (i) CENVAT credit receivable (ii) VAT credit receivable (iii) Service Tax credit receivable (f) Inter-corporate deposits Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful inter-corporate deposits (g) Others (specify nature) Secured, considered good Unsecured, considered good Doubtful Less: Provision for other doubtful loans and advances TOTAL 22 OTHER CURRENT ASSESTS A -

B C D -

ADDITIONAL INFORMATIONS TO AND FORMING PART OF FINANCIAL STATEMENT FOR THE YEAR ENDED

31st MARCH, 2012 REF. NO. PARTICULARS AS AT 31st MARCH, 2012 ` AS AT 31st MARCH, 2011 `

NAME OF THE COMPANY NOTES TO AND FORMING PART OF STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31st MARCH, 2012 NOTE NO. 23 PARTICULARS REVENUE FROM OPERATIONS a SALE OF PRODUCTS b SALE OF SERVICES c OTHER OPERATING REVENUES d LESS: EXCISE DUTY NET REVENUE FROM OPERATIONS 24 OTHER INCOME: INTEREST INCOME DIVIDEND INCOME NET GAIN/LOSS ON SALE OF INVESTMENT OTHER NON - OPERATING INCOME RENTAL INCOME FROM PROPERTIES RENTAL INCOME FROM OPERATING LEASES SHARE OF PROFIT FROM FIRM LIABILITIES/PROVISION W/OFF PRIOR PERIOD INCOME (NET) MISCLLANEOUS INCOME OTHERS (SPECIFY NATURE) 25 COST OF MATERIALS CONSUMED: PURCHASES RAW-MATERIALS AND PACKING MATERIALS ADD: OPENING BALANCE OF STOCK LESS: CLOSING BALANCE OF STOCK CONSUMPTION OF MATERIALS 26 PURCHASES OF TRADED GOODS/STOCK IN TRADE TOTAL PURCHASES 27 CHANGES IN INVENTORIES FINISHED GOODS AS AT 31st MARCH, 2012 `

AT THE BEGINNING OF THE ACCOUNTING PERIOD AT THE END OF THE ACCOUNTING PERIOD WORK-IN-PROGRESS AT THE BEGINNING OF THE ACCOUNTING PERIOD AT THE END OF THE ACCOUNTING PERIOD STOCK-IN-TRADE AT THE BEGINNING OF THE ACCOUNTING PERIOD AT THE END OF THE ACCOUNTING PERIOD

GRAND TOTAL 28 EMPLOYEE BENEFITS EXPENSE SALARY AND WAGES FACTORY SALARY AND WAGES OFFICE STAFF SALARY MARKETING STAFF SALARY & INCENTIVES DIRECTOR'S REMUNERATIONS

CONTRIBUTION TO PROVIDENT AND OTHER FUNDS CONTRIBUTION TO PROVIDENT FUND CONTRIBUTION TO EMPLOEES STATE INS.FUND CONTRIBUTION TO OTHER FUNDS ESI ARREAR EPF ARREAR OTHER EXPENSES WORKERS AND STAFF WELFARE BONUS LEAVE WITH WAGES 29 FINANCIAL COSTS: a INTEREST EXPENSE INTEREST TO BANK INTEREST TO PARTIES/DISTRIBUTORS(NET) -

INTEREST TO DEPOSITORS INTEREST TO BANK ON VEHICLE LOAN INTERST ON TDS & OTHER TAXES

b OTHER BORROWING COSTS BANK CHARGES c APPLICABLE NET GAIN/LOSS ON FOREIGN CURRENCY TRANSACTIONS AND TRANSLATIONS 30 DEPRECIATION AND AMORTZATION EXPNSE: DEPRECIATION PRELIMINARY & PRE-OPERATIVE EXP.WRITTEN OFF 31 OTHER EXPENSES: A MANUFACTURING EXPENSE : CONSUMTION OF STORES AND SPARE PARTS OPENING STOCK ADD:PURCHASES TOTAL LESS:CLOSING STOCK FREIGHT INWARD POWER & FUEL REPAIR TO MACHINERY B ADMINISTARTIVE EXPENSE PAYMENT TO THE AUDITORS CAR EXPENSES CONVEYANCE EXP. DONATION ELECTICITY EXPENSES (GODOWN) ENTERTAINMENT EXP. -

FASTIVAL CELEBERATION EXPENSES FEES & TAXES GENERAL EXPENSES GODOWN RENT INSURANCE LEGAL EXPENSES NEWS PAPER & PERIODICALS OFFICE EXP. POSTAGE & COURIER EXP. PRINTING & STATIONERY PROFESSIONAL CHARGES REPAIR & MAINTENANCE (GENERAL) REPAIR TO BUILDINGS SECURITY GUARD EXP. SERVICE TAX SUBSCRIPTION/MEMBERSHIP FEES TELEPHONE EXP. VEHICLE RUNNING (OTHER THAN CAR)

C SELLING & DISTRIBUTION EXPENSE ADVERTISEMENT EXPS. ADVERTISEMENT ( MEDIA) CONFERENCE EXPENSES FREIGHT & CARTAGE(OUTWARD) DR./CR. W/O SALE COMMISSION & INCENTIVES PENALTIES TRAVELLING EXPENSES MARKETING STAFF TOUR EXPENSES GRAND TOTAL 32 EXCEPTIONAL ITEMS A B -

33

EXTRAORDINARY ITEMS

A B

ADDITIONAL INFORMATIONS TO AND FORMING PART OF STATEMENT OF PROFIT AND LOSS FOR THE YEAR END

31st MARCH, 2012 REF. NO. PARTICULARS AS AT 31st MARCH, 2012 `

PAYMENT TO THE AUDITORS AS AUDIT FEES FOR TAXATION MATTERS FOR COMPANY LAW MATTERS FOR MANAGEMENT SERVICES FOR OTHER SERVICES FOR REIMBURSEMENT OF EXPENSES TOTAL

VALUE OF IMPORTS CALCULATED ON C.I.F BASIS BY THE COMPANY DURING THE FINANCIAL YEAR IN RESPECT OF RAW MATERIALS COMPONENRTS AND SPARE PARTS CAPITAL GOODS TOTAL EXPENDITURE IN FOREIGHN CURRENCY DURING THE FINANCIAL YEAR ON ACCOUNT OF ROYALTY KNOWHOW PROFESSIONAL AND CONSULTATION FEES INTEREST FOREIGHN TREVELLING FEES AND TAXES TOTAL EARNING IN FOREIGHN EXCHANGE EXPORT OF GOODS ON FOB BASIS; ROYALTY,KNOWHOW,PROFESSIONAL AND CONSULTANCY FEES;

INTEREST AND DIVIDENDS; OTHER INCOME; TOTAL

OTHER GROUPINGS TO NOTES

FOR THE YEAR ENDED AS AT 31st MARCH, 2011 ` -

ND LOSS FOR THE YEAR ENDED

AS AT 31st MARCH, 2011 `

Name of the Company ANNEXURE - A FIXED ASSETS DESCRIPTION Tangible Assets Land & Building Plant & Machinery As At 1st April,2011 during year TOTAL Previous Year GROSS BLOCK Additions Deductions
during year

DEPRECIAT As At 31st March, 2012 As At 1st April,2011 -

(A) Non Tangible Assets

(B)

f the Company NEXURE - A ED ASSETS DEPRECIATION For the Deductions/ Year Adjustments Net Block Up to 31st March, 2012 As At 31st March, 2012 As At 31st March, 2011 -