DRILBITS INTERNATIONAL PRIVATE LIMITED

BALANCE SHEET AS AT 31ST MARCH, 2008

AS AT AS AT
PARTICULARS SCHEDULE 31.03.08 31.03.07
RUPEES RUPEES

SOURCES OF FUNDS
Shareholders' Funds
Share capital A 20,000,000.00 20,000,000
Reserves and surplus B 21,249,439.53 16,671,060
41,249,439.53 36,671,060
Loan Funds
Unsecured Loans C 163,856,311.42 163,856,311

Deferred Tax Liability (net) 10,799,438.42 8,598,421

TOTAL 215,905,189.37 209,125,792

APPLICATION OF FUNDS
Fixed Assets D
Gross Block 172,180,643.00 170,714,354
Less: Depreciation 28,239,767.76 17,697,094
Net Block 143,940,875.24 153,017,260
Capital Work In Progress - 1,058,424
143,940,875.24 154,075,684
Current Assets, Loans and Advances E
Inventories 36,226,252.85 34,402,087
Sundry debtors 56,878,328.50 47,468,776
Cash and bank balances 11,270,670.57 5,023,782
Loans and advances 49,626,764.20 40,049,960
154,002,016.12 126,944,605
Less: Current Liabilities and Provisions F
Current Liabilities 74,133,535.96 69,621,810
Provisions 8,200,000.00 2,700,000
82,333,535.96 72,321,810

Net Current Assets 71,668,480.16 54,622,795

Miscellaneous Expenditure
(To the extent not written off or adjusted)
Preliminary expenditure 295,833 427,313

TOTAL 215,905,188 209,125,792

Significant Accounting Policies and Notes

to Accounts M
The schedules referred to above and notes thereon form an integral part of the Balance Sheet.

As per our Report of even date (0.97054) -

For MEHTA SINGHVI & ASSOCIATES For and on behalf of the Board of Directors
Chartered Accountants

R. C. Singhvi
Partner
Membership No. 016884 DIRECTORS
Place : Mumbai
Dated :
 DRILBITS INTERNATIONAL PRIVATE LIMITED

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2008

CURRENT PREVIOUS
PARTICULARS SCHEDULE
YEAR YEAR

INCOME
Turnover (Gross) G 224,932,521 175,958,737

Other Income H 6,098,503 3,474,567

Increase(+) / decrease(-) in stock (592,531) 6,865,813

TOTAL 230,438,493 186,299,117

EXPENDITURE
Raw material Consumed I 89,645,786 79,398,617
Manufacturing Expenses J 46,071,420 34,675,099
Excise Duty 16,668,866 10,247,510
Employment Cost K 33,144,174 31,589,717
Administrative and Selling Expenses L 10,830,342 10,495,007
Bank and Finance Charges 1,218,825 847,299
Depreciation 10,542,673 10,281,723
TOTAL 208,122,084 177,534,972

Profit/(Loss) for the year 22,316,408 8,764,145

Less: Provision for tax

- Income tax 5,500,000 1,000,000
- Fringe benefits tax 92,436 103,692
- Deferred tax 2,201,017 4,323,749
Net Profit for the year 14,522,955 3,336,704
Less: Transferred to General Reserve 1,500,000 -
Less: Interim Dividend 8,500,000 -
Less: Dividend Distribution Tax 1,444,575 -
ADD: Profit brought forward from last year 14,689,429 11,352,725
Balance carried to balance sheet 17,767,809 14,689,429

Notes to Accounts M

The schedules referred to above and notes thereon form an integral part of the Profit and Loss Account.

As per our Report of even date

For MEHTA SINGHVI & ASSOCIATES For and on behalf of the Board of Directors
Chartered Accountants

R. C. Singhvi DIRECTORS
Partner
Membership No. 016884
Place : Mumbai
Dated :
 89,645,786
46,071,420
16,668,866
33,144,174
10,830,342
1,218,825
10,542,673
208,122,086
 DRILBITS INTERNATIONAL PRIAVATE LIMITED
Schedule forming part of Balance Sheet
PARTICULARS As at As at
31.03.2008 31.03.2007
Rupees Rupees
SCHEDULE - A
SHARE CAPITAL
Authorised
2,000,000 equity shares of Rs.10 each 20,000,000 20,000,000

Issued, Subscribed and Paid up

2,000,000 equity Shares of Rs.10 each fully paid up 20,000,000 20,000,000

SCHEDULE - B
RESERVE AND SURPLUS
Capital reserve 1,981,631 1,981,631
[Difference between valuation of assets and consideration paid
on takeover of ODD business from Greaves Cotton Limited on
Slump sale basis]

General Reserve
Transfered from Profit and Loss Account 1,500,000 -

Profit & Loss Account 17,767,809 14,689,429

21,249,440 16,671,060

SCHEDULE - C
UNSECURED LOANS
Loans from Promoters / Director 163,856,311 163,856,311
 DRILBITS INTERNATIONAL PRIAVATE LIMITED
Schedule forming part of Balance Sheet
As at As at
PARTICULARS 31.03.2008 31.03.2007
Rupees Rupees
SCHEDULE - E
CURRENT ASSETS, LOANS & ADVANCES
Inventories
(At cost, as taken, valued and certified by Management)
Raw materials 12,339,777 10,368,071
Work-in-progress 12,043,028 11,732,493
Finished goods 6,360,389 7,263,455
Stores, spares and consumables 5,483,059 5,038,068
36,226,253 34,402,087
Sundry Debtors
(Unsecured considered good unless otherwise stated)
Debts due for more than six months 13,113,000 18,670,309
Others 43,765,329 28,798,466
56,878,329 47,468,776

Cash and Bank Balances

Cash on hand 14,629 5,941
Balances with scheduled banks 11,256,042 5,017,841
11,270,671 5,023,782
Loans and Advances
(unsecured, considered good)
Advances recoverable in cash or in kind 16,390,595 12,714,254
Deposits 28,053,536 24,740,406
Advance Income-tax (including TDS) 5,182,633 2,595,300
49,626,764 40,049,960
TOTAL 154,002,016 126,944,605

SCHEDULE - F
CURRENT LIABILITIES AND PROVISIONS
Current Liabilities
Sundry Creditors 40,587,038 38,431,999
Other liabilities 33,546,498 31,189,811
74,133,536 69,621,810
Provisions
- Income-tax 8,200,000 2,700,000
82,333,536 72,321,810
 DRILBITS INTERNATIONAL PRIAVATE LIMITED
Schedule forming part of Profit & Loss Account
Year ended Year ended
PARTICULARS 31.03.2008 31.03.2007
Rupees Rupees
SCHEDULE - G
Turnover
Turnover - Local 164,661,068 94,701,857
Turnover - Export 43,795,138 71,047,648
Excise duty 16,476,315 10,209,232
224,932,521 175,958,737
SCHEDULE - H
Other Income
Scrap sales 1,861,804 1,818,927
Exchange gain 692,219 259,191
Interest received 2,105,771 917,617
Miscellanous Income 1,438,709 478,832
6,098,503 3,474,567
SCHEDULE - I
Raw Materials Consumed
Opening Stock 10,368,071 10,027,259
Add: Purchases 91,617,492 79,739,429
101,985,563 89,766,688
Less: Closing Stock (12,339,777) (10,368,071)
Raw materials consumed 89,645,786 79,398,617

SCHEDULE - J
Manufacturing Expenses
Labour charges 2,023,407 1,578,760
Gas and fuel consumed 8,091,337 6,096,426
Power and fuel 8,452,157 6,421,860
Repairs - Plant and machinery 511,032 304,716
Stores and spares consumed 26,993,487 20,273,337
46,071,420 34,675,099
SCHEDULE - K
Employment Cost
Salaries, allowances and bonus 26,522,083 24,962,443
Gratuity 1,909,319 2,271,940
Employer contribution to provident fund 2,349,355 2,061,786
Watchward security services 502,966 514,125
Staff welfare 1,860,451 1,779,423
33,144,174 31,589,717
SCHEDULE - L
Administrative and Selling Expenses
Rent 125,500 168,496
Rates and taxes 592,485 665,071
Insurance 509,506 663,600
Repairs - building 242,000 173,654
Repairs - other assets 133,623 97,905
Repair Maintenance - general 1,552,866 1,114,019
Travelling expenses 1,133,366 1,781,849
Printing and stationery 304,136 298,996
Postage and telephone expenses 543,633 529,299
Conveyance 127,146 133,422
Legal and professional fees 1,366,860 842,143
Auditors' Remuneration 306,323 280,888
Motor car expenses 8,696 16,688
Sundry expenses 345,939 466,353
Business promotion expenses 20,864 27,619
Packing material charges 727,564 645,994
Preliminary expenses written off 131,480 131,480
Freight and forwarding 1,068,824 960,265
Brokerage and commission 466,423 218,361
After sales expenses 465,555 213,048
Advertisement and sales promotion 13,370 35,420
Exchange Loss 644,181 1,030,436
10,830,342 10,495,007
 DRILBITS INTERNATIONAL PRIVATE LIMITED
Grouping of Balance Sheet as at 31st March, 2008

As at As at
PARTICULARS 31.03.2008 31.03.2007
Rupees Rupees
Stores, Spares & Consumables
Consumable Stores 2,682,985 1,906,053
Loose Tools 1,690,726 2,145,114
Packing Material 42,332 37,755
Spare parts for plant & machinery 811,904 825,253
Gas & Fuel 255,112 123,893
5,483,059 5,038,068
Balance with scheduled Banks.
State Bank of India, Satpur 185,447 611,196
HSBC Bank, Mumbai 3,024,488 2,248,527
SBI Bhubneshwar 36,197 -
Federal Bank Ltd. 8,009,909 2,158,119
11,256,042 5,017,841
Advance Recoverable in Cash or in Kind
Advances to Staff
Salary to Bargainable Staff 232,445 223,145
Travelling Advance 40,500 40,000
272,945 263,145
Advances for Expenses
Cash Advance against expenses 6,500 7,500
Excise Duty paid recoverable 512,901 789,858
Service tax & Education cess 6,597 471,935
Deemed Export Excise duty Refundable 12,817,817 9,428,575
Prepaid Expenses 75,000 102,586
Interest receivable 1,830,423 502,536
General Advance / Receivable Account 64,884 161,246
State Sales Tax Account (VAT) 803,528 986,873
16,117,650 12,451,109

16,390,595 12,714,254
Deposits
Tender 27,272,590 23,970,120
Premises 110,000 110,000
Electricity 596,500 596,500
MIDC Water 50,211 39,551
Gas 24,235 24,235
28,053,536 24,740,406
Advance Income-tax
Advance tax for the year (2007-08) 2,000,000 -
Income-tax/TDS for earlier year (2006-07) 866,455 750,000
Income-tax/TDS for earlier year (2005-06) 1,714,202 1,714,202
Tax deducted at source 601,976 131,098
5,182,633 2,595,300
Sundry Creditors

Creditors for material 40,587,038 38,431,999

40,587,038 38,431,999
 DRILBITS INTERNATIONAL PRIVATE LIMITED
Grouping of Balance Sheet as at 31st March,2008

As at As at
PARTICULARS 31.03.2008 31.03.2007
Rupees Rupees
Other Libalities
Creditors for Expenses
Outstanding expenses 3,065,510 2,767,245
Warranty Claim Provisions 11,885,712 10,809,712 1,076,000
Unclaimed Bonus 16,926 16,926
Unpaid Salaries & wages 125 125
Gratuity Provision 12,597,514 11,957,582
Group Insurance Scheme/Suprannuation Scheme 86,385 86,385
Leave Provision 3,047,304 2,883,528
Wah Seong Corporation Berhad, Malaysia 866,186 485,780
31,565,662 29,007,283
Statutory Liabilities
ESIC 272 18,459
Comission Payable to Bargainable Staff 720,750 749,250
Executive Commission 450,565 396,598
Staff Commision 279,072 257,981
Income tax - MMC 53,323 59,868
Professional tax-Bargainable staff 12,735 12,725
Tax Deducted at Source-Contractors 16,984 6,070
PF Contibution 94,991 88,767
Central Sales Tax 341,708 582,334
Fringe Benfit Tax 10,436 10,476
1,980,836 2,182,528
TOTAL 33,546,498 31,189,811
 DRILBITS INTERNATIONAL PRIVATE LIMITED
Grouping of Profit & Loss Account
Year ended Year ended
PARTICULARS 31.03.2008 31.03.2007
Rupees Rupees

Stores Consumed
Loose Tools Consumed 2,250,331 1,748,509
Spares 2,589,111 1,775,124
Stores Consumable Material 22,154,045 16,749,704
26,993,487 20,273,337
Salaries, Allowances and Bonus
Salaries 9,334,340 8,914,687
Salary Others 16,651,577 15,585,022
Company's contribution to Superannuation Fund 536,166 462,733
26,522,083 24,962,443

Staff Welfare
Uniform, Badges & Washing Charges 202,134 66,435
Staff Training Course 12,650 7,240
Staff Welfare 1,645,667 1,705,748
1,860,451 1,779,423

Sundry Expenses
Tender Forms/fees 59,440 130,866
Books & Periodicals 19,966 17,459
Gardening Expenses 242,261 316,260
Deposit Link Insurance Administration 1,157 1,768
Hire Rental charges for office equipment 23,115 -
345,939 466,353
Rates & Taxes
Licence Application Fees 150,720 286,766
PF Administrative Charges 208,653 182,357
Property & Profession Tax 41,301 41,301
Water Charges 191,811 154,647
592,485 665,071
Advertisement & Sales Promotion
Advertisement for Vacancies 13,370 699
Advertisement - Others - 34,721
13,370 35,420
Increase (+) Decrease (-) in stock
Closing Stock
Finished Goods 6,360,389 7,263,455
Work In Progress 12,043,028 11,732,493
18,403,417 18,995,948
Less: Opening Stock
Finished Goods 7,263,455 2,998,978
Work In Progress 11,732,493 9,131,157
18,995,948 12,130,135
(592,531) 6,865,813
 DRILBITS INTERNATIONAL PRIVATE LIMITED
Calculation of Deferred Tax
Particulars Amount (Rs.)

Deferred Tax Liability (A) it

Timing difference on account of Depreciation 12,490,004 64,985,880

Deferred Tax Assets (B) g

Gratuity and Leave Salary 1,690,565 3,869,067

Deferred Tax Liabilities ( Net ) 10,799,438

Less Provided upto last year 2006-07 8,598,421

Liability provided for the year 2007-08 2,201,017

Computation of Tax Liability under Income-tax Act (A)

Particulars Amount (Rs.) Amount (Rs.)
Profit as per Profit and Loss Account 22,316,408
Add : Disallowances ( considered seperatly )
(a) Depreciation as per Companies Act 10,542,673
(e) Gratuity Provision 639,932
(f) Leave Salary Provision 163,776 11,346,381
33,662,789
Less: Allowances
(a) Depreciation as per Income tax Act 17,573,857
(b) Staff Commission related to 2005-06 and 2006-07 38,723
© Executive Commission related to 2005-06 48,460 17,661,040
Profit under Incomet Tax 16,001,749
Net Taxable Income 16,001,750
Net Tax Liability @ 33.99% 5,438,995

Computation of Tax Liability U/s.115JB (B)

Profit as per profit and loss account 22,316,408
Deduction : brought forward Loss/Depreciation
whichever is less
Business Loss
Depreciation
Less: Allowances
Fringe Benefits Tax 92,436
Deferred Tax Liability
Adjusted Book Profit 22,223,972
Tax @ 10% 2,222,397
Surcharge @ 10% 222,240
Education Cess 73,339
Tax Liability (B) 2,517,976
Tax payable either A or B
whichever is higher 5,438,995
Less : Tax deducted at source and Advance tax 2,470,878
Less : Self Assessment Tax Paid
Tax Payable/(Refund) 2,968,117
books dtl
28239767 12,490,003.81 2389899.4 17,573,857 64986037 28240028 10542672.757

l total dta
1,104,647 4,973,714 1,690,565.39 8,594,611 803,708 7,790,903 2,648,127.93

GRATUITY PROVISION
CY PY Diff
12597514 11957582 639932

LEAVE PROVISION

CY PY Diff
3047304 2883528 163776
 DRILBITS International Private Limited

2008-09
Computation of Tax Liability under Income-tax Act (A)
Particulars Amount (Rs.) Amount (Rs.)
Profit as per Profit and Loss Account 22,316,408
Add : Disallowances ( considered seperatly )
(a) Depreciation as per Companies Act 10,542,673
(e) Gratuity Provision 639,932
(f) Leave Salary Provision 163,776 11,346,381
33,662,789
Less: Allowances
(a) Depreciation as per Income tax Act 17,573,857
(b) Staff Commission related to 2005-06 and 2006-07 38,723
© Executive Commission related to 2005-06 48,460 17,661,040
Profit under Incomet Tax 16,001,749
Less: Brought forward losses (A.Y. 2007-08) 604,372
Net Taxable Income 15,397,377
Net Taxable Income Rounded Off 15,397,380
Net Tax Liability @ 33.99% 5,233,569

Computation of Tax Liability U/s.115JB (B)

Profit as per profit and loss account 22,316,408
Deduction : brought forward Loss/Depreciation
whichever is less
Business Loss
Depreciation
Less: Allowances
Fringe Benefits Tax 92,436
Deferred Tax Liability
Adjusted Book Profit 22,223,972
Tax @ 10% 2,222,397
Surcharge @ 10% 222,240
Education Cess 73,339
Tax Liability (B) 2,517,976
Tax payable either A or B
whichever is higher 5,233,569
Less : Tax deducted at source and Advance tax 2,451,425
Less : Set off claimed against MAT 1,818,570
Tax Payable 963,573
Add: Interest
U/s 234 B 57,814
U/s 234 C 75,660
Net Tax Payable /(Refund) 1,097,048

CALCULATION OF INTEREST PAYABLE U/S.234 B & 234 C

Interest U/s. 234 C

Net Tax Payable 5,233,569 -
Less: TDS 451,425 -
Less: MAT Credit Availed 1,818,570
Assessed Tax 2,963,573 -
Less: Advance tax paid 2,000,000 -
Shortfall in payment of advance tax 963,573 -
90% of assessed tax 867,216 -

Self-Assessment Tax -
15% June 15, 2007 294,536 3.00 8,836
45% September 15, 2007 683,608 3.00 20,508
75% December 15, 2007 1,222,680 3.00 36,680
100% March 15, 2008 963,573 1.00 9,636
75,660
Interest U/s. 234 B
-

Assuming SAT will be paid 963,573 - 6.00 57,814

133,474

2007-08
Computation of Tax Liability under Income-tax Act (A)
Particulars Amount (Rs.) Amount (Rs.)
Profit as per Profit and Loss Account 8,764,145
Add : Disallowances ( considered seperatly )
(a) Depreciation as per Companies Act 10,281,723
(b) Commission to Bargainable Staff 749250
(c) Executive Commission 310290
(d) Staff Commission 231749
(e) Gratuity Provision 1,561,200
(f) Leave Salary Provision 300,185 13,434,397
22,198,542
Less: Allowances
(a) Depreciation as per Income tax Act 21,615,787
(b) Commission to Bargainable Staff 741,572
(c) Executive Commission 284,692
(d) Staff Commission 160,863 22,802,914
Profit under Incomet Tax (604,372)
Net Tax Payable (A) -

Computation of Tax Liability U/s.115JB (B)

Profit as per profit and loss account 8,764,145
Deduction : brought forward Loss/Depreciation
whichever is less
Business Loss
Depreciation
Less: Allowances
Fringe Benefits Tax 103,692
Deferred Tax Liability
Adjusted Book Profit 8,660,453
Tax @ 10% 866,045
Surcharge @ 10% -
Education Cess 17,321
Tax Liability (B) 883,366
Tax payable either A or B
whichever is higher 883,366
Less : Tax deducted at source and Advance tax 866,882
Less : Self Assessment Tax Paid 130,455
Tax Payable/(Refund) (113,971)

2006-07

DRILBITS International Private Limited

Status Private Limited Co Financial Year 2005-2006

PAN No. AACCD1726B Assessment Yea2006-2007

COMPUTATION OF MINIMUM ALTERNATE TAX UNDER SECTION 115 JB

Particulars Amount (Rs.)

Net Profit/Loss as per Profit & Loss account 17,477,624

Less : Negative Adjustments
FBT 150,227
Taxable Book Profit 17,327,397

Tax Liability under section 115JB

Minimum Alternate Tax @ 7.5% 1299555
Surcharge @ 10% 129955
Education Cess @ 2% 28590
Total Tax Liability 1,458,100
Less: Tax Deducted at Source 14,216
Net Tax Payable 1,443,884
Add: Interest Under Section 234C 51,979
1,495,863
Less: Advance Tax 1,500,114
Less: SAT Paid 211,085
Total Tax Payable/(Refundable) (215,336)
Calculation of Interest Under Section 234C
For Deferment of payment of advance tax
Tax on Total Income 1,443,884
45% 15-Sep-05 649,748.01 3.00% 19492
75% 15-Dec-05 1,082,913.34 3.00% 32487
51979

DRILBITS International Private Limited

Status Private Limited Co Financial Year 2005-2006

PAN No. AACCD1726B Assessment Yea2006-2007

Computation of Tax Liability under Income-tax Act

Particulars Amount (Rs.) Amount (Rs.)
Profit as per Profit and Loss Account 17,477,624
Add : Disallowances ( considered seperatly )
(a) Depreciation as per Companies Act 7,415,371
(b) Gratuity Provision 1,667,935
(d) Leave Salary Provision 788,772 9,872,078
27,349,702
Less: Allowances
(a) Depreciation as per Income tax Act 25,796,236
Profit under Incomet Tax 1,553,466

Computation of Tax Liability under Income-tax Act

Profit under Income-tax Act 1,553,466

Income-tax there on 466,040

Add Surcharge @ 10% 46,604
Add Education Cess @ 2% 10,253
Total Tax Payable 522,897

Working Of MAT Credit Available and Availed

Particulars Tax Computed Tax Computed MAT Credit MAT Credit

under 115JB under normal Available Availed
law

2006-07 1,458,100 522,897 935,204 935,204

2007-08 883,366 - 883,366 883,366

Total 2,341,467 522,897 1,818,570 1,818,570

mount (Rs.)
mount (Rs.)
mount (Rs.)
 DRILBITS INTERNATIONAL PRIVATE LIMITED

SCHEDULE - D
FIXED ASSETS
Amount in Rupees
Gross Block Depreciation Depreciation Total Net Block Net Block
Particulars As at Addition As at till for the Depreciation as at as at
01.04.2007 31.03.2008 31.03.07 year till 31.03.2008 31.03.2008 31.03.2007

Leasehold Land 47,872,039 - 47,872,039 1,377,152 786,944 2,164,096 45,707,943 46,494,887

Factory Building 21,905,951 - 21,905,951 1,280,403 731,659 2,012,062 19,893,889 20,625,548

Office Building 16,458,428 - 16,458,428 469,476 268,272 737,748 15,720,680 15,988,952

Plant and Machinery 31,561,724 1,332,857 32,894,581 5,207,918 3,386,690 8,594,608 24,299,973 26,353,806

Technical Knowhow 50,800,000 - 50,800,000 8,890,000 5,080,000 13,970,000 36,830,000 41,910,000

Furniture and Fixtures 160,897 3,000 163,897 16,631 13,185 29,816 134,081 144,266

Computers and Softwares 750,350 98,476 848,826 203,162 149,139 352,301 496,525 547,188

Air Conditioners 65,362 21,056 86,418 15,911 9,492 25,403 61,015 49,451

Mechanical and Electrical Equipments 1,089,603 10,900 1,100,503 228,128 112,542 340,670 759,833 861,475

Motor Car 50,000 - 50,000 8,314 4,750 13,064 36,936 41,686

TOTAL 170,714,354 1,466,289 172,180,643 17,697,095 10,542,673 28,239,768 143,940,875 153,017,259

Previous year 166,113,758 4,600,596 170,714,354 17,697,095 17,697,095 153,017,259
 DRILBITS INTERNATIONAL PVT LTD. NASHIK PLANT
TRAIL BALANCE FOR MARCH 2008
A/C NO ACCOUNT NAME DEBIT CREDIT
108 SALES OILFIELD & DRILLING DIVISION 164661068.00
159 SALES EXPORT DIVISION 43795138.00
172 CENTRAL EXCISE ON SALE 15996426.00
173 EDUCATION CESS ON SALE 479889.00
510 SCRAP SALES 1861804.00
514 PROFIT ON EXCHANGE 692218.55
519 MISC.INCOME Job charges 1438709.00
550 INTEREST RECEIVED ON ADVANCES DEPOS 2105771.00
1071 FINISHED GOODS STOCKS 6360389.00
1086 STOCKS OF IMPORTED RAW MATERIALS 9289.00
1087 STOCKS OF INDENOUS RAW MATERIALS 12330488.00
1091 STOCKS OF PACKING MATERIALS 42332.00
1092 STOCKS OF CONSUMABLE STORES 2682984.85
1093 STOCKS OF LOOSE TOOLS 1690726.00
1094 WORK IN PROGRESS MFG DIV 12043028.00
1098 STOCKS OF SPARES PARTS FOR PLANT & 811904.00
1099 RAW MATERIAL PROCESSING CHARGES 2023407.00
1101 IMPORTED RAW MATERIAL - CONSUMED 323980.00
1102 INDENOUS RAW MATERIAL - CONSUMED 89321806.00
1103 PACKING MATERIAL - CONSUMED 727564.00
1104 STORES CONSUMABLE MATERIAL - CONSUM 22154045.00
1105 LOOSE TOOLS - CONSUMED 2250331.00
1106 SPARE PARTS - CONSUMED 2589111.00
1107 GAS & FUEL - CONSUMED 8091337.00
1271 COST OF SALES MANUFACTURING DIVISIO 592531.00
1299 EDUCATION CESS ON EXCISE DUTY PAID 482240.00
1300 EXCISE DUTY PAID 16186626.00
1701 SALARY ACCOUNT SMC/MMC 4179429.00
1702 SALARY ACCOUNT JMC 4750760.53
1703 SALARY ACCOUNT MONTHLY RATED EMPLOY 2848053.27
1704 SALARY ACCOUNT DAILY RATED EMPLOYEE 8986399.86
1717 OVER-TIME EXPENSES ACCOUNT 329338.62
1718 LUMPSUM PAYMENT TO STAFF/WORKMENS 713071.00
1722 LEAVE ENCASHMENT TO JMC 342170.00
1725 LEAVE ENCASHMENT TO SMC/MMC 93600.00
1728 LEAVE TRAVEL CONCESSION JMC 191570.00
1729 LEAVE TRAVEL CONCESSION MMC/SMC 310550.00
1732 EXECUTIVE COMMISSION M C 396085.00
1739 LEAVE TRAVEL CONCESSION TO DAILY RA 268600.00
1740 STIPEND TO TRAINEES & APP. 1369383.95
1741 LEAVE ENCASHMENT TO BARGAINABLE EMP 927428.50
1756 COMMISSION TO JMC 220677.00
1789 LEAVE TRAVEL CONCESSION TO MONTHLY 58800.00
1801 RETIRING GRATUITY 1086779.00
 DRILBITS INTERNATIONAL PVT LTD. NASHIK PLANT
TRAIL BALANCE FOR MARCH 2008
A/C NO ACCOUNT NAME DEBIT CREDIT
1803 RETIRING GRATUITY JMC 822540.00
1901 EMPLOYER'S CONTRIBUTION OF PF FOR C 2027995.00
1902 PF CONTRIBUTION TO CONTRACTORS 263629.00
1905 EMPLOYERS CONT TO DEPOSIT LINK INS 57731.00
1953 COMPANYS CONTRIBUTION TO GROUP INSC 136981.00
1954 CONTRIBUTION TO SUPERANNUATION FUND 399185.00
2001 CO.CONTRIBUTION TO ESIC FOR CONTRAC 107618.00
2002 MEDICAL HOSPITAL EXPENSES 7822.00
2003 LABOUR WELFARE EXPENSES 79791.00
2004 CO.CONTRIBUTION TO ESIC FOR CO.EMPL 15129.50
2005 CANTEEN EXPENSES SUBSIDY ETC 1052033.24
2006 MEDICAL REIMB.EXPENSES SMC/MMC 173797.00
2008 MEDICAL REIMB.EXPENSES JMC 209476.20
2103 RENT ACCOUNT 125500.00
2201 ELECTRICITY CHARGES 8452157.00
2203 GAS & OTHER FUEL CHARGES 255112.00
2301 INSC ON STOCKS STORES CASH 471447.00
2401 PROPERTY & PROFESSION TAX 41301.00
2402 WATER CHARGES 191811.00
2403 F.B.T.(FRIENG BENEFIT TAX) 82000.00
2404 PRILIMINARY EXPENSES WRITTEN-OFF 131480.00
2405 Dividend Distribution Tax 1444575.00
2501 REPAIRS/MAINTENANCE OF OTHER ASSETS 133623.00
2505 REPAIR & MAINTENANCE OF NASIK FACTO 242000.00
2571 PLANT MACHINERY REPAIRS 511032.00
2701 DIRECTOR'S TRAVELLING EXPENSES 378320.45
2703 TRAVELLING EXPENSES GENERAL 27137.00
2706 TRAVELLING EXPENSES - MARKETING 727909.00
2752 AFTER SLAES SERVICE EXPENSES 465555.41
2801 FREIGHT & FORWARDING CHARGES - LOCA 831180.00
2805 TRANSIT INSURANCE 38059.00
2807 FREIGHT & FORWARDING CHARGES - EXPO 237644.00
2901 AUDIT FEES 252111.00
2902 INTERNAL AUDIT EXPENSES 6787.00
2903 REIMBURSEMENT OF EXP TO AUDITORS 47425.00
2951 LOSS ON EXCHANGE 644181.35
3101 PRINTING STATIONERY 304136.00
3103 POSTAGE & COURIER EXPENSES 102363.00
3106 BROKERAGE AND COMMISSION GENERAL 466423.00
3107 TELEPHONE EXPENSES 441270.29
3111 MOTOR CAR EXPENSES 8696.00
3116 TENDER FORMS FEES/COST 59440.00
3117 BOOKS JOURNALS NEWSPAPERS OTHER PER 19966.00
3120 LICENCE APPLICATION FEES 150720.00
 DRILBITS INTERNATIONAL PVT LTD. NASHIK PLANT
TRAIL BALANCE FOR MARCH 2008
A/C NO ACCOUNT NAME DEBIT CREDIT
3123 MAINTENANCE GENERAL 1552866.00
3126 WATCH WARD SECURITY SERVICE EXPENSE 502966.00
3127 PROVIDENT FUND ADMINISTRATIVE CHARG 208653.00
3128 UNIFORM, BADGES,WASHG CHARGES 202134.00
3134 CONVEYANCE AND LUNCH EXPENSES 127146.00
3136 LEGAL PROFESSIONAL CHARGES 1366860.00
3137 ADVERTISEMENT FOR VACANCIES 13370.00
3139 STAMPS BANK CHARGES 1204195.56
3143 STAFF TRAINING COURSE EXPENSES 12650.00
3144 HIRE RENTAL CHARGES OF OFFICE EQUIP 23115.00
3157 DEPOSIT LINK INSURANCE ADMINISTRATI 1157.00
3158 GARDENING EXPENSES 242261.00
3223 BUSINESS MEETING EXPENSES 20864.00
3601 INTEREST ON FBT and SAT 14629.00
3619 Interim Dividend 8500000.00
3620 DEPRECIATION ON FREE HOLD PROPERTY 10542674.00
5020 EQUITY SHARES 20000000.00
5113 UN SECURED LOAN ( ECB ) 163856311.42
5114 CAPITAL RESERVE A/C GHU 1981631.00
5115 GENERAL RESERVE 14689428.92
5116 PROVISION FOR DIFFER TAX 2005-06 8598421.00
5171 ADVANCE INCOME TAX ASSESSMENT YEAR PROVISION 1,700,000.00
5172 I TAX FOR ASSESSMENT YEAR 2007-08 PROVISION 1,000,000.00
5501 SUNDRY CREDITORS CONTROL ACCOUNT 40587037.91
5502 SUNDRY DEBITORS CONTROL ACCOUNTS 56878328.50
5508 WAH SEONG CORPORATION BERHAD MALAYS 866186.00
5511 OUTSTANDING EXPENSES ACCOUNT 3065510.00
5521 CLAIMS ACCOUNT 11885712.05
5600 BALANCE SET OFF 810352.00
5601 STATE SALES TAX ACCOUNT CURRENT YEA 6824.00
5651 CENTRAL SALES TAX CURRENT YEAR 341708.00
5700 EXCISE DUTY A/C 512901.00
5771 EMPLOYEE'S ESIC CONTRIBUTION A/C 272.00
5870 INCOME TAX ON SALARIES NO 1 STAFF 53323.00
5951 EXECUTIVE COMMISSION 450565.00
5954 LUMPSUM PAYMENT FOR B/S STAFF 720750.00
5989 COMMISION PROVISION 279072.00
6101 CASH ADVANCE 6500.00
6102 GENERAL ADVANCE/RECOVERED ACCOUNT 64884.20
6111 EMPLOYEES PROFESSIONAL TAX 12735.00
6196 UNCLAIMED BONUS ACCOUNT 16926.00
6197 UNPAID SALARIES WAGES ACCOUNT 125.00
6405 IT DEDUCTED AT SOURCE 16984.00
6430 EMPLOYEE'S PF CONTRIBUTION 94991.00
 DRILBITS INTERNATIONAL PVT LTD. NASHIK PLANT
TRAIL BALANCE FOR MARCH 2008
A/C NO ACCOUNT NAME DEBIT CREDIT
6441 SUPERANNUATION SCHEME 86385.00
6501 DEEMED EXPORT REFUND OF EXCISE DUTY 12817817.00
7006 LEASE HOLD LAND NASIK 45707943.00
7008 FACTORY BUILDING 19893889.00
7022 OFFICE BUILDING 15720680.00
7101 AIR CONDITIONERS WORKS 61015.00
7103 PLANT MACHINERY WORKS 24299973.00
7105 MECHANICAL ELECTRICAL EQUIPMENTS WO 717961.00
7108 XEROX MACHINE 17289.00
7109 COMPUTER SYSTEMS 416161.00
7113 SOFTWARE AND LICENCES 80362.00
7202 ELECTRICAL FITTINGS WORKS 4941.00
7204 FURNITURE FITTINGS 134081.00
7205 OFFICE EQUIPMENTS 19642.00
7301 MOTOR CARS 36938.00
7403 TECHNICAL KNOW-HOW 36830000.00
8012 GRATUITY PROVISION 12597514.00
8013 LEAVE SALARY PROVISION 3047304.00
8305 IT DED BY CUSTOMERS AGST CONTRACT J 601976.00 470878
8501 CASH ON HAND 14629.00 116882
8561 STATE BANK OF INDIA, SATPUR, NASHIK 185447.26 14216
8562 H.S.B.C.BANK PEDDAR ROAD MUMBAI BRA 3024487.99 601976
8563 THE FEDERAL BANK LIMITED,NASHIK 8009909.32
8564 SBI BHUBANESHWAR 36197.00
8701 TENDER SECURITY DEPOSIT ACCOUNT 1997400.00
8703 TENDER AND BANK GUARANTEE DEPOSITS 25275190.00
8710 COS FLATS RENTAL DEPOSIT ADVANCE AC 110000.00
8713 SERVICE TAX INCLUDING EDU.CESS 6597.00
8715 ELECTRICITY DEPOSIT 596500.00
8725 MIDC WATER DEPOSIT A/C 50211.00
8726 GAS DEPOSIT A/C 24235.00
8802 SALARY ADVANCE ACCOUNT 232445.00
8805 PRILIMINARY EXPENSES 295833.00
8806 PREPAID EXPENSES ACCOUNT 75000.00
8811 INTEREST RECEIVED ACCOUNT 1830423.00
8825 TRAVELLING ADVANCE ACCOUNT 40500.00
8831 INCOME TAX FOR 2006-07 1,714,202.00
8832 INCOME TAX (2007-08) 866,455.00
8833 INCOME TAX A.Y.2008-09 CY31/03/08 2,000,000.00
Total 516986739.85 516986739.85
0.00
 DRILBITS INTERNATIONAL PRIVATE LIMITED NASHIK PLANT
GENERAL LEDGER TRIAL BALANCE FOR THE MONTH OF MARCH 2007
A/C NO ACCOUNT NAME DEBIT
108 SALES OILFIELD & DRILLING DIVISION
159 SALES EXPORT DIVISION
172 CENTRAL EXCISE ON SALE
173 EDUCATION CESS ON SALE
510 SCRAP SALES
514 PROFIT ON EXCHANGE
519 MISC.INCOME
550 INTEREST RECEIVED ON ADVANCES DEPOS
1071 FINISHED GOODS STOCKS 7,263,455.00
1086 STOCKS OF IMPORTED RAW MATERIALS 362,606.00
1087 STOCKS OF INDENOUS RAW MATERIALS 10,005,465.00
1091 STOCKS OF PACKING MATERIALS 37,755.00
1092 STOCKS OF CONSUMABLE STORES 1,906,053.00
1093 STOCKS OF LOOSE TOOLS 2,145,114.00
1094 WORK IN PROGRESS MFG DIV 11,732,493.00
1098 STOCKS OF SPARES PARTS FOR PLANT & 825,253.00
1099 RAW MATERIAL PROCESSING CHARGES 1,578,760.00
1101 IMPORTED RAW MATERIAL - CONSUMED 766,619.00
1102 INDENOUS RAW MATERIAL - CONSUMED 78,631,998.25
1103 PACKING MATERIAL - CONSUMED 645,994.00
1104 STORES CONSUMABLE MATERIAL - CONSUM 16,749,704.00
1105 LOOSE TOOLS - CONSUMED 1,748,509.00
1106 SPARE PARTS - CONSUMED 1,775,124.00
1107 GAS & FUEL - CONSUMED 6,096,426.00
1271 COST OF SALES MANUFACTURING DIVISIO
1299 EDUCATION CESS ON EXCISE DUTY PAID 211,887.00
1300 EXCISE DUTY PAID 10,035,623.00
1701 SALARY ACCOUNT SMC/MMC 3,408,074.00
1702 SALARY ACCOUNT JMC 4,986,471.37
1703 SALARY ACCOUNT MONTHLY RATED EMPLOY 2,520,474.73
1704 SALARY ACCOUNT DAILY RATED EMPLOYEE 8,316,280.99
1712 SPECIAL PAY ALLOWANCE M C -
1713 DEARNESS ALLOWANCE JMC -
1717 OVER-TIME EXPENSES ACCOUNT 683,334.77
1718 LUMPSUM PAYMENT TO STAFF/WORKMENS 747,295.00
1719 OVERTIME ETC BARGAINABLE STAFF -
1722 LEAVE ENCASHMENT TO JMC 116,307.00
1723 HOUSE RENT ALLOWANCE JMC -
1724 HOUSE RENT ALLOWANCE M C -
1725 LEAVE ENCASHMENT TO SMC/MMC 233,705.00
1727 CONVEYANCE ALLOWANCE JMC -
1728 LEAVE TRAVEL CONCESSION JMC 214,682.00
1729 LEAVE TRAVEL CONCESSION MMC/SMC 286,437.00
1730 CONVEYANCE/TRANSPORT M C -
1732 EXECUTIVE COMMISSION M C 310,290.00
1737 COST OF LIVING ALLOWANCE - JMC -
1739 LEAVE TRAVEL CONCESSION TO DAILY RA 161,800.00
1740 STIPEND TO TRAINEES & APP. 656,166.95
1741 LEAVE ENCASHMENT TO BARGAINABLE EMP 600,836.00
1743 HOUSE RENT ALLOWANCE BARGAINABLE ST -
1746 HOUSE RENT ALLOWANCE WORKERS -
1747 CITY COMPENSATORY ALLOWANCE -
1756 COMMISSION TO JMC 231,749.00
1789 LEAVE TRAVEL CONCESSION TO MONTHLY 79,200.00
1801 RETIRING GRATUITY 2,271,940.00
1901 EMPLOYER'S CONTRIBUTION OF PF FOR C 1,825,717.00
1902 PF CONTRIBUTION TO CONTRACTORS 179,535.00
1903 COMPANYS PF CONTRIBUTION JMC -
1904 COMPANYS PF CONTRIBUTION FOR WORKER -
1905 EMPLOYERS CONT TO DEPOSIT LINK INS 56,534.00
1953 COMPANYS CONTRIBUTION TO GROUP INSC 174,879.00
1954 CONTRIBUTION TO SUPERANNUATION FUND 287,854.00
2001 CO.CONTRIBUTION TO ESIC FOR CONTRAC 73,719.00
2002 MEDICAL HOSPITAL EXPENSES 13,438.00
2003 LABOUR WELFARE EXPENSES 107,877.00
2004 CO.CONTRIBUTION TO ESIC FOR CO.EMPL 154,915.00
2005 CANTEEN EXPENSES SUBSIDY ETC 1,009,104.40
2006 MEDICAL REIMB.EXPENSES SMC/MMC 147,523.00
2008 MEDICAL REIMB.EXPENSES JMC 199,172.00
2014 EDUCATION ALLOWANCE - JMC -
2103 RENT ACCOUNT 168,496.00
2201 ELECTRICITY CHARGES 6,421,860.00
2203 GAS & OTHER FUEL CHARGES 123,893.00
2301 INSC ON STOCKS STORES CASH 632,735.00
2302 INSC ON PLANT MACHY STOCKS STORES -
2303 INSC ON BUILDINGS -
2401 PROPERTY & PROFESSION TAX 41,301.00
2402 WATER CHARGES 154,647.00
2403 F.B.T.(FRIENG BENEFIT TAX) 103,692.00
2404 PRILIMINARY EXPENSES WRITTEN-OFF 131,480.00
2405 COMPANY INCOME TAX CURRET YEAR -
2501 REPAIRS/MAINTENANCE OF OTHER ASSETS 97,905.00
2505 REPAIR & MAINTENANCE OF NASIK FACTO 173,654.00
2571 PLANT MACHINERY REPAIRS 304,716.00
2701 DIRECTOR'S TRAVELLING EXPENSES 1,097,763.01
2703 TRAVELLING EXPENSES GENERAL 67,606.00
2706 TRAVELLING EXPENSES - MARKETING 616,480.00
2752 AFTER SLAES SERVICE EXPENSES 213,048.00
2801 FREIGHT & FORWARDING CHARGES - LOCA 670,141.40
2805 TRANSIT INSURANCE 30,865.00
2807 FREIGHT & FORWARDING CHARGES - EXPO 290,124.00
2901 AUDIT FEES 174,318.00
2903 REIMBURSEMENT OF EXP TO AUDITORS 51,570.00
2909 REIMBURSEMNET OF EXP - COST AUDITOR 55,000.00
2951 LOSS ON EXCHANGE 1,030,436.25
3101 PRINTING STATIONERY 298,996.00
3103 POSTAGE & COURIER EXPENSES 86,541.00
3106 BROKERAGE AND COMMISSION GENERAL 218,361.00
3107 TELEPHONE EXPENSES 442,758.33
3111 MOTOR CAR EXPENSES 16,688.00
3116 TENDER FORMS FEES/COST 130,866.00
3117 BOOKS JOURNALS NEWSPAPERS OTHER PER 17,459.00
3120 LICENCE APPLICATION FEES 286,766.00
3123 MAINTENANCE GENERAL 1,114,019.00
3126 WATCH WARD SECURITY SERVICE EXPENSE 514,125.00
3127 PROVIDENT FUND ADMINISTRATIVE CHARG 182,357.00
3128 UNIFORM, BADGES,WASHG CHARGES 66,435.00
3134 CONVEYANCE AND LUNCH EXPENSES 133,422.00
3136 LEGAL PROFESSIONAL CHARGES 842,143.00
3139 STAMPS BANK CHARGES 847,298.53
3143 STAFF TRAINING COURSE EXPENSES 7,240.00
3157 DEPOSIT LINK INSURANCE ADMINISTRATI 1,768.00
3158 GARDENING EXPENSES 316,260.00
3165 ADVERTISEMENT A/C 34,721.00
3223 BUSINESS MEETING EXPENSES 27,619.00
3620 DEPRECIATION ON FREE HOLD PROPERTY 10,281,723.00
5020 EQUITY SHARES
5113 UN SECURED LOAN ( ECB )
5114 CAPITAL RESERVE A/C GHU
5115 GENERAL RESERVE
5121 DOUBTFUL DEBTS RESERVE
5171 ADVANCE INCOME TAX ASSESSMENT YEAR 14,202.00
5172 I TAX FOR ASSESSMENT YEAR 2007-08 750,000.00
5501 SUNDRY CREDITORS CONTROL ACCOUNT
5502 SUNDRY DEBITORS CONTROL ACCOUNTS 47,468,775.82
5509 GREAVES COTTON LIMITED,MUMBAI
5511 OUTSTANDING EXPENSES ACCOUNT
5521 CLAIMS ACCOUNT
5601 STATE SALES TAX ACCOUNT CURRENT YEA
5651 CENTRAL SALES TAX CURRENT YEAR
5700 EXCISE DUTY A/C 789858.00
5771 EMPLOYEE'S ESIC CONTRIBUTION A/C
5781 LABOUR WELFARE FUND SUSPENSE ACCCOU
5836 MINIMUM ALTERNATE TAX (M.A.T.)
5870 INCOME TAX ON SALARIES NO 1 STAFF
5951 EXECUTIVE COMMISSION
5954 COMMISSION PROVISION B S STAFF 95-9
5989 COMMISION PROVISION
6101 CASH ADVANCE 7,500.00
6102 GENERAL ADVANCE/RECOVERED ACCOUNT 161,245.60
6111 EMPLOYEES PROFESSIONAL TAX
6196 UNCLAIMED BONUS ACCOUNT
6197 UNPAID SALARIES WAGES ACCOUNT
6405 IT DEDUCTED AT SOURCE
6430 EMPLOYEE'S PF CONTRIBUTION
6441 SUPERANNUATION SCHEME
6501 DEEMED EXPORT REFUND OF EXCISE DUTY 9,428,575.00
7006 LEASE HOLD LAND NASIK 46,494,887.00
7008 FACTORY BUILDING 20,625,548.00
7022 OFFICE BUILDING 15,988,952.00
7101 AIR CONDITIONERS WORKS 49,451.00
7103 PLANT MACHINERY WORKS 26,353,806.00
7105 MECHANICAL ELECTRICAL EQUIPMENTS WO 810,810.00
7108 XEROX MACHINE 21,184.00
7109 COMPUTER SYSTEMS 443,321.00
7113 SOFTWARE AND LICENCES 103,867.00
7202 ELECTRICAL FITTINGS WORKS 6,053.00
7204 FURNITURE FITTINGS 144,266.00
7205 OFFICE EQUIPMENTS 23,427.00
7301 MOTOR CARS 41,688.00
7403 TECHNICAL KNOW-HOW 41,910,000.00
8012 GRATUITY PROVISION
8013 LEAVE SALARY PROVISION
8305 IT DED BY CUSTOMERS AGST CONTRACT J 131,098.00
8501 CASH ON HAND 5,941.00
8561 STATE BANK OF INDIA, SATPUR, NASHIK 611,196.26
8562 H.S.B.C.BANK PEDDAR ROAD MUMBAI BRA 2,248,526.66
8563 THE FEDERAL BANK LIMITED,NASHIK 2,158,118.51
8701 TENDER SECURITY DEPOSIT ACCOUNT 1,694,290.00
8703 TENDER AND BANK GUARANTEE DEPOSITS 22,275,830.00
8710 COS FLATS RENTAL DEPOSIT ADVANCE AC 110,000.00
8713 SERVICE TAX INCLUDING EDU.CESS 471,935.00
8715 ELECTRICITY DEPOSIT 596,500.00
8725 MIDC WATER DEPOSIT A/C 39,551.00
8726 GAS DEPOSIT A/C 24,235.00
8802 SALARY ADVANCE ACCOUNT 223,145.00
8805 PRILIMINARY EXPENSES 427,313.00
8806 PREPAID EXPENSES ACCOUNT 102,586.00
8811 INTEREST RECEIVED ACCOUNT 502,536.00
8825 TRAVELLING ADVANCE ACCOUNT 40,000.00
7411 CAPITAL W.I.P. 1,058,424.00
5600 VAT INPUT SET OFF 1,109,842.00
5508 WAH SEONG
5116 DIFFER INCOME-TAX
1720 EX GRATIA PAYMENT NO 1 STAFF 946,606.00
3137 ADVT. FOR VACANCIES 699.00
TOTAL 457,509,234.83

8831 Advance Income-tax

2406 Deffer tax
HIK PLANT
OF MARCH 2007
CREDIT BALANCE
94,701,857.00
71,047,648.00
9,997,370.00
211,862.00
1,818,927.25
259,191.00
478,832.00
917,617.00

6,865,813.00
 20,000,000.00
163,856,311.42
1,981,631.00
11,352,724.65
- -
1700000
5832
35,397,561.00
 3,034,437.91
2,777,721.00
10,809,712.05
122,969.00
582,334.00

18,458.55
-
-
59,868.00
396,598.00
749,250.00
257,981.00

12,725.00
16,926.00
125.00
6,070.00
88,767.00
86,385.00

11,957,582.00
2,883,528.00
 485,780.00
4,274,672.00 8598421

457,509,234.83

- 1714202
4,323,749.00
DRILBITS INTERNATIONAL PRIVATE LIMITED

SCHEDULE - D
FIXED ASSETS
Amount in Rupees
Rate Gross Block Depreciation Depreciation Total Net Block Net Block
Particulars % As at Date of Addition Deduction As at till for the Depreciation as at as at
01.04.2006 Addition 31.03.2007 31.03.06 period till 31.03.2007 31.03.2007 31.03.2006

Leasehold Land 47,872,039 - - 47,872,039 590,208 786,944 1,377,152 46,494,887 47,281,831

Factory Building 3.34 21,905,951 - - 21,905,951 548,744 731,659 1,280,403 20,625,548 21,357,207

Office Building 1.63 16,458,428 - - 16,458,428 201,204 268,272 469,476 15,988,952 16,257,224

Plant and Machinery 27,013,440 4,548,284 - 31,561,724 2,050,385 3,157,533 5,207,918 26,353,806 24,963,055

Technical Knowhow 10 50,800,000 - - 50,800,000 3,810,000 5,080,000 8,890,000 41,910,000 46,990,000

Furniture and Fixtures 6.33 154,297 11.05.2006 6,600 - 160,897 6,493 10,138 16,631 144,266 147,804

Computers and Softwares 16.21 731,850 15.06.2006 18,500 - 750,350 82,155 121,007 203,162 547,188 649,695

Air Conditioners 13.91 65,362 - - 65,362 6,819 9,092 15,911 49,451 58,543

Mechanical and Electrical Equipments 1,062,391 01.04.2006 27,212 1,089,603 115,799 112,329 228,128 861,475 946,592

Motor Car 9.5 50,000 - - 50,000 3,564 4,750 8,314 41,686 46,436

TOTAL 166,113,758 - 4,600,596 - 170,714,354 7,415,371 10,281,723 17,697,094 153,017,260 158,698,387

Previous year 162,772,372 3,359,995 18,609 166,113,758 7,415,371 7,415,371 158,698,387

Working
Plant & Machinery ( A ) 10.34 27,000,440 01.04.06 2,943,610 29,944,050 3,096,215 26,847,835
12.11.06 306,729 306,729 12,078 294,651
22.11.06 1,297,945 1,297,945 47,432 1,250,513
-
Plant & Machinery ( B ) 13.91 13,000 13,000 1,808 11,192
27,013,440 4,548,284 - 31,561,724 3,157,533 28,404,191

Mechanical & Electrical Equipments 10.34 965,000 965,000 99,781 865,219

Mechanical & Electrical Equipments 13.91 63,000 63,000 8,763 54,237
Telephone System 13.91 - 27,212 27,212 3,785 23,427
1,028,000 27,212 - 1,055,212 112,329 942,883