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TVS-Energy-Limited

TVS Energy Limited Second Annual Report 2009- 2010

REPORT OF THE DIRECTORS TO THE SHAREHOLDERS

Your directors have pleasure in presenting the second annual report on the progress of the Company together with the audited statement of accounts for the year ended 31st March 2010.

1.FINANCIAL RESULTS

The Company earned an income of Rs.4.20 lakhs by way of sale of investments held in liquid funds. The Company also incurred expenses of Rs. 23.97 lakhs towards statutory filing fees for increase of its share capital.

2.CAPITAL

During the year, the entire paid up equity capital of the Company consisting of 10,000 equity shares of Rs.10/- each aggregating to Rs.1,00,000/- was acquired by M/s TVS Motor Company Limited (TVS Motor).

Consequent upon this acquisition of the entire paid up capital of the Company by TVS Motor, the Company became a wholly owned subsidiary of TVS Motor effective 3rd December 2009, thereby the status of the Company stood changed as a public limited Company in terms of Section 3(1)(iv) of the Companies Act, 1956 (the Act).

During the year, the board of directors also increased the authorized and paid up capital from the existing amount of Rs.1,00,000 consisting of 10,000 equity shares of Rs.10/- each to Rs.5,00,000 consisting of 50,000 equity shares of Rs 10/-each, effective 15th December 2009 and the same was issued to the holding company.

The Authorised share capital of the Company was further increased from Rs.5,00,000 consisting of 50,000 equity shares of Rs 10/- each to Rs. 45,00,00,000 divided into 4,50,00,000 equity shares of Rs. 10/- each, with the approval of the shareholders on 2nd February 2010.

The holding Company namely TVS Motor was further allotted 3,74,50,000 equity shares of Rs.10/- each aggregating to Rs.37,45,00,000 on 13th February 2010. During the year under review, the Company also obtained the approval of the shareholders in terms of Section 81(1A) of the Companies Act, 1956 read with the Unlisted Public Companies (Preferential Allotment) Rules, 2003, to offer, issue and allot on a preferential basis upto 45,00,000 equity shares of face value of Rs.10/- each for cash at par aggregating to Rs.4,50,00,000/- to M/s Sundaram-Clayton Limited, Chennai.

Consequent upon the approval of the shareholders, the board of directors of the Company allotted the said 45,00,000 equity shares of the face value of Rs.10/-each for cash at par aggregating to Rs.4,50,00,000/- to M/s Sundaram-Clayton Limited, Chennai on 5th July 2010.

3.PERFORMANCE

During the year under review, the Company entered into Engineering, Procurement and Construction (EPC) agreements with Enercon (India) Ltd for setting up of 14.4 MW Wind power generation capacity at Vagaikulam in Tirunelveli District.

Subsequently, the Company has also entered into EPC agreements with Gamesa Wind Turbines Pvt Ltd for setting up of 9.35 MW Wind power generation capacity at Gandamanur in Theni District, on 21st April 2010.

The power generated from Theni Unit is proposed to be sold to Sundaram-Clayton Limited, the ultimate Holding Company and the power generated from Vagaikulam Unit is proposed to be sold to Tamil Nadu Electricity Board (TNEB) as per the Energy Purchase Agreement to be entered into with TNEB.

The Company appointed WinDForce Management Services Pvt. Ltd as 'Owner's Engineer' to monitor execution of the wind energy projects at Vagaikulam and Theni. The Company appointed Emergent Ventures India (EVI) as advisors for registration of the wind energy projects with United Nations Framework Convention on Climate Change (UNFCCC) for Carbon Credits.

4.DIRECTORS

During the year, Mr V N Venkatanathan, resigned as director of the Company effective 3rd December 2009 for personal reasons. The board of directors of the Company wishes to place on record their appreciation for the valuable service rendered by Mr V N Venkatanathan during his tenure as a director of the Company.

Effective 3rd December 2009 and 15th December 2009, Mr C N Prasad and Mr V Subramanian, were co-opted as additional directors of the Company respectively. In terms of Section 260 of the Companies Act, 1956, they will hold office only upto the date of this annual general meeting.

Notice has been received from members of the Company signifying their intention to propose the appointment of Mr C N Prasad and Mr V Subramanian as directors of the Company in terms of section 257 of the Companies Act, 1956 along with the requisite deposit of Rs.500/- each.

In terms of Article 19 of the Articles of Association of the Company, all the other directors of the Company viz., Mr Venu Srinivasan and Mr H Lakshmanan, retire from the office at the ensuing annual general meeting and being eligible, offer themselves for re-appointment.

The Board at its meeting held on 5th July 2010 appointed Mr V Subramanian as Chairman of the Board for a period of five years effective from the date of the said meeting i.e. 5th July 2010 and he will not be liable to retire by rotation during his tenure as Chairman.

5.DEPOSITS

The Company has not accepted any deposit from the public within the meaning of Section 58-A of the Companies Act, 1956 during the year ended 31st March 2010.

6.AUDITORS

Messrs. Sundaram & Srinivasan, Chartered Accountants, Chennai who were re-appointed as statutory auditors at the last annual general meeting held on 24th September 2009 to hold office till the conclusion of the ensuing annual general meeting have expressed their inability to continue as statutory auditors of the Company due to other pressing commitments.

In view thereof, the directors recommend that Messrs. V. Sankar Aiyar & Co. Chartered Accountants, Mumbai having firm registration no 109208N be appointed as the Company's auditors to hold office from the conclusion of the ensuing annual general meeting until the conclusion of the next following annual general meeting.

The Directors place on record their deep appreciation for the valuable services rendered by Messrs. Sundaram & Srinivasan, Chartered Accountants as Auditors of the Company.

Board of Directors

VENU SRINIVASAN

V. SUBRAMANIAN

H. LAKSHMANAN

C.N. PRASAD

Audit Committee

VENU SRINIVASAN

V. SUBRAMANIAN

C.N. PRASAD

Manager

G. R. V. RAJAN

Auditors

SUNDARAM & SRINIVASAN

Chartered Accountants,

New No. 4 (Old No. 23) Sir C.P. Ramaswamy Road, Alwarpet, Chennai 600 018.Bankers

STATE BANK OF INDIA Corporate Accounts Group Branch Greams Road, Chennai - 600 006.

Registered office Jayalakshmi Estates,

29, Haddows Road,

Chennai 600 006.

AUDITORS' REPORT TO THE SHAREHOLDERS OF TVS ENERGY LIMITED,CHENNAI FOR THE YEAR ENDED 31ST MARCH 2010.

We have audited the attached balance sheet of M/s TVS Energy Limited,Chennai 600 006 as at 31st March 2010 and the profit and loss account and the cash flow statement for the year ended 31st March 2010. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.1.

We conducted our audit in accordance with auditing standards generally accepted in India. These standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.2.

As the Company has not commenced any commercial activity/transaction and has no employee on its rolls, reporting on the matters specified in Companies (Auditors' Report) Order, 2008 issued by the Central Government in terms of sub-section (4A) of Section 227 of the Companies Act, 1956does not arise.3.

However, we state that -(i)

We have obtained all the information and explanations, which to the best of our knowledge and belief, were necessary for the purpose of our audit;

(ii)In our opinion, proper books of account, as required by law, have been

kept by the Company so far as appears from our examination of such

books;

(iii)The balance sheet, profit and loss account and the cash flow statement

dealt with by this report are in agreement with the books of account;

AUDIT COMMITTEE

During the year, the Company, consequent to the increase in the paid up capital of the Company from Rs.5,00,000 to Rs. 37.50 Cr, was required to have an audit committee of directors in compliance to the provisions of section 292A of the Companies Act 1956. Accordingly, the board of directors of the Company at its meeting held on 5th July 2010 constituted an audit committee with the following non-executive directors as its members, namely M/s Venu Srinivasan,V Subramanian and C N Prasad effective from the date of the said meeting.8.

APPOINTMENT OF MANAGERIAL PERSON

During the year, Mr G R V Rajan, President of the Company was appointed as Manager under the Companies Act, 1956 effective 13th February 2010 for a period of five years, without remuneration, subject to the approval of the shareholders in the ensuing annual general meeting of the Company on such terms and conditions as explained in the explanatory statement attached to the notice convening the annual general meeting of the Company.9.

STATUTORY STATEMENTS

INFORMATION AS PER SECTION 217(1)(e) OF THE COMPANIES ACT, 1956As the Company has not yet started its business activities, the information as required under Section 217(1)(e) of the Companies Act, 1956, relating to conservation of energy or technology absorption is not applicable. The Company does not have any foreign exchange earnings or outgo.

INFORMATION AS PER SECTION 217(2A) OF THE COMPANIES ACT, 1956Since there is no employee receiving remuneration in the Company during the period under review, statement pursuant to Section 217(2A) of the Companies Act, 1956 has not been appended.

INFORMATION AS PER SECTION 217(2AA) OF THE COMPANIES ACT, 1956Directors' Responsibility Statement

Pursuant to the requirement of Section 217(2AA) of the Companies Act, 1956with respect to Directors' Responsibility Statement, it is hereby confirmed i.that in the preparation of the annual accounts, the applicable accounting standards had been followed and there is no material departure.

ii.

that the directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March, 2010 and of the loss of the Company for the year ended on that date.

iii.

that the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

iv.

that the directors had prepared the annual accounts on a going basis.

FOR AND ON BEHALF OF THE BOARD

Chennai V Subramanian

5th July 2010Chairman

(iv)In our opinion, the balance sheet dealt with by this report comply with

the accounting standards to the extent applicable, referred to in sub-section (3C) of Section 211 of the Companies Act, 1956;

(v)On the basis of written representations received from the directors, as

on 31st March 2010 and taken on record by the board of directors, we report that no director is disqualified from being appointed as a director

of the Company in terms of clause (g) of sub-section (1) of Section 274of the Companies Act, 1956; and

(vi)In our opinion and to the best of our information and according to the

explanations given to us, the said accounts read together with notes

thereon give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India (a)

in so far as it relates to the balance sheet, of the state of affairs of the Company as at 31st March 2010;(b)

in so far as it relates to the profit and loss account, of the loss of the Company for the year ended on that date; and (c)

in so far as it relates to cash flow statement, of the cash flows of the Company for the year ended on that date.

For SUNDARAM & SRINIVASAN

Chartered Accountants

Firm Registration No. : FRN 004207S

M Balasubramaniyam

Chennai Partner

5th July 2010

Membership No.F7945

In Rupees As at/As at/Year ended Year ended 31-03-2010

31-03-2009

I CAPITAL Authorised

4,50,00,000 Equity shares of Rs.10/- each (Last year 10,000 equity shares Rs.10/- each)450,000,000

100,000

Issued, subscribed and paid up

3,75,00,000 Equity shares of Rs.10/- each fully paid

(Last year 10,000 equity shares Rs.10/- each fully paid)375,000,000100,000

(All the above shares are held by the holding company viz. TVS Motor Company Limited,Chennai and its nominees)

375,000,000

100.000II INVESTMENTS ( At Cost)

Non-trade-quoted (fully paid up) - Short term

1.HDFC Mutual Fund, Mumbai - 64,18,565.508Units in HDFC FRIF Short Term -100,183,538

-Growth Option 2.Reliance Mutual Fund, Mumbai - 21,18,535.582Units in Reliance Medium Term Fund -40,236,075-Growth Option

140,419,613

Market Value of Quoted Investments :141,100,666

III CASH AND BANK BALANCES Balance with scheduled banks in current account

1,432,61983,9391,432,619

83,939

IV LOANS & ADVANCES

-UNSECURED, CONSIDERED GOOD Advances recoverable in cash or in kind 229,500,000 -or for value to be received 229,500,000

-V CURRENT LIABILITIES Sundry creditors

5,5155,5155,515

5,515

VI MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted)Rates & Taxes

5,3005,300Bank Charges 195195Printing & Stationary 9,5669,566Legal & Retainer Fee 1,0001,000Audit Fees - as Auditors 5,5155,515

Upfront Fee on Term Loan *

1,654,500 -1,676,076

21,576

* Term Loan availed subsequent to Balance Sheet date VII OTHER EXPENSES

Audit fees - as Auditors (including service tax )5,515 -Legal Fees & Retainers 9,500 -Printing & Stationary 4,026 -Bank Charges 14,079 -General Charges 7,500 -Rates & Taxes

2,356,200-2,396,820

-Schedules

Profit and Loss Account for the year ended 31st

March 2010

In Rupees

Schedule Year ended Year ended Number

31-03-2010

31-03-2009

I INCOME a.

Other Income :

Profit on sale of Investments 419,613-TOTAL 419,613

-II EXPENSES

Other Expenses VII

2,396,820-TOTAL 2,396,820-Profit / (Loss) for the year (1,977,207)

-Less : Provision for taxation --Profit / (Loss) after tax

(1,977,207)-Balance carried forward to Balance Sheet (1,977,207)-Total

(1,977,207)

-Basic earnings per share in rupees on 3,75,00,000 shares (0.05)-Diluted earnings per share in rupees (0.05)

-As per our report annexed V Subramanian H Lakshmanan For SUNDARAM & SRINIVASAN

Chairman Director Chartered Accountants

Firm Registration No. : FRN 004207S

G R V Rajan

M BALASUBRAMANIYAM

Manager & President Partner

Chennai Membership No: F7945

5th July 2010

Balance Sheet as at 31st March 2010

In Rupees

Schedule As at As at Number

31-03-2010

31-03-2009

I SOURCES OF FUNDS 1Shareholders’ funds Capital I

375,000,000

100.000

Reserves and Surplus

–

–375,000,000

100.000

II APPLICATION OF FUNDS 3Investments

140,419,613

–4

Current Assets, Loans and Advances i.Cash and bank balances III 1,432,61983,939

ii.Loans and Advances

229,500,00–Total (A)

230,932,619

83,939

Less : Current Liabilities and Provisions i.Current liabilities V 5,5155,515Total (B)

5,515

NET CURRENT ASSETS (A-B)230,927,104

78,424

Miscellaneous Expenditure (to the extent not written off or adjusted)VI 1,676,07621,576

Profit and Loss Account Debit Balance 1,977,207–Notes on accounts VIII 375,000,000

100,000

As per our report annexed V Subramanian H Lakshmanan For SUNDARAM & SRINIVASAN

Chairman Director

Chartered Accountants

Firm Registration No. : FRN 004207S

G R V Rajan

M BALASUBRAMANIYAM

Manager & President Partner

Chennai Membership No: F7945

5th July 2010

n)AS - 14 Accounting for amalgamation :-During the year, there was no amalgamation.o)

AS - 15 Accounting for Retirement Benefits in the Financial Statements of employer :-Not aplicable as there are no employees on the rolls.p)

AS - 16 Borrowing cost :-During the year, there were no borrowings attributable to qualifying assets.

AS - 17 Segment reporting :-The company is not a listed company and the turnover during the accounting period is not in excess of Rs 50 crores.Hence, this standard is not applicable

r)AS - 18 Related party disclosure :-Disclosure is made as per the requirements of the standard and the same is furnished below.Reporting entity TVS Energy Limited, Chennai Holding company TVS Motor Company Limited, Chennai Ultimate holding companies T V Sundram lyengar & Sons Limited, Madurai Sundaram-Clayton Limited, Chennai

Fellow subsidiaries

Anusha Invesments Limited, Chennai

Sundaram Auto Components Limited, Chennai TVS Motor (Singapore) Pte. Limited, Singapore TVS Motor Company (Europe) B V, Amsterdam https://www.wendangku.net/doc/072908065.html,S Motor Company, Indonesia, Jakarta TVS Investments Limited, Chennai TVS Electronics Limited, Chennai

Tumkur Property Holdings Limited,Chennai Prime Property Holdings Limited,Chennai TVS-E Access (India) Limited, Chennai TVS-E Servicetec Limited, Chennai TVS Capital Funds Limited, Chennai Sravanaa Properties Limited, Chennai Southern Roadways Limited, Madurai Sundaram Industries Limited, Madurai

The Associated Auto Parts Limited, Mumbai TVS Interconnect Systems Limited, Madurai TVS Logistics Services Limited, Madurai Lucas-TVS Limited, Chennai

Sundaram Textiles Limited, Madurai NSM Holdings Limited, Madurai

TVSNet Technologies Limited, Madurai TOR Projects & Services Limited, Madurai NK Telecom Products Limited, Madurai NK Telesystems Limited, Madurai TVS Automotive Europe Limited, UK TVS CJ Components Limited, UK TVS Logistics Iberia S.L., Spain

TVS Logistics Siam Limited, Thailand TVS Autoserv GmbH, Germany

TVS Logistics Investment UK Limited, UK YeleStre Holdings Limited, UK Multipart (Holdings) Limited, UK Multipart Solutions Limited, UK IH Crick Property Co Limited, UK Msys Solftware Solutions Limited, UK Globe Dynamics Limited, UK

Globe Transport Products Limited, UK

TVS Dynamic Global Freight Services Limited, Chennai TVS Commutation Solutions Limited Lucas Indian Services Limited, Chennai TVS Automotive Systems Limited, Chennai Iranian Automotive Systems, Iran

Rupees in lakhs As at /As at /Year ended Year ended 31-03-201031-03-2009

VIII NOTES ON ACCOUNTS 1ACCOUNTING STANDARDS (AS) Compliance

(a)

AS - 1 Disclosure of accounting policies :-The accounts are maintained on accrual basis

as a going concern.(b)

AS - 2 Valuation of inventories :-Since the company does not hold any inventory, this Standard is not applicable.(c)

AS - 3 Cash flow statements :-The cash flow statement is prepared under "indirect method" and the same is annexed.(d)

AS - 4 Contingencies and Events Occurring After the Balance Sheet Date :-i)Subsequent to the Balance Sheet date, the company has received Rs.4,50,00,000/- from M/s Sundaram Clayton Limited, Chennai towards Share Allotment.ii) The Term Loan from company's bankers was availed from 7th June 2010.(e)AS - 5 Net profit or loss for the period, prior period items and changes in accounting policies.NIL (f)

AS - 6 Depreciation accounting :-Since there are no fixed assets, this Standard does not apply.g)AS 7 - Accounting for Construction contracts :-Not Applicable.

h)AS 8 - Accounting for Research and Development :-The accounting standard is withdrawn.i)

AS - 9 Revenue recognition :-The revenue and expenditure are accounted on a going concern basis j)

AS - 10 Accounting for Fixed assets :-Since there are no fixed assets, this Standard does not apply.k)

AS - 11 Accounting for effects of changes in foreign exchange rates :-During the year there are no transactions in foreign currency.l)

AS 12 - Accounting for Government grants :-The company has not received any grant from Government during the year.m)

AS - 13 Accounting for Investments :-Investments are valued at cost.Investments Movement during the year:

Sl No.

Name of Mutual Fund

Investments Investments Cost of made during

redeemed held as at the year during the year Balance Sheet (Rs.) - Cost (Rs.)date (Rs.)1

HDFC Asset Management

200,000,000

99,816,462

100,183,538

Limited, Mumbai HDFC FRIF Short Term - Growth Option

Reliance Capital Asset

Management Limited, Mumbai Reliance Liquid Fund -Institutional Growth

170,000,000

Reliance Medium Term Fund -Retail Plan - Growth Plan -Growth Option 170,016,726 129,780,651 40,236,075Total

540,016,726

399,597,113

140,419,613

Rupees in lakhs

As at/As at/

Year ended Year ended 31-03-2010

31-03-2009

Schedules (continued)

Associate company Nil

Key Management personnel Mr G.R.V.Rajan, Manager and President

Particulars of transactions with As at 31.03.2010As at 31.03.2009

related parties

Rs.Rs.

Capital contribution by holding Company 374,900,000

-s)AS -19 Accounting for leases :-The company has not entered into any Financial lease agreement during the year.t)AS - 20 Earnings per share :-Disclosure is made in the Profit & Loss Account as per the requirements of the standard.

u)AS - 21 Consolidated financial statements:-Since the company does not have any subsidiary, this standard is not applicable.v)AS - 22 Accounting for taxes on income:-Since the company does not have any taxable income,no provision for current tax is made.Deferred Tax Asset and Deferred Tax Liability do not exist

w)AS - 23 Accounting for I nvestments in

Associates in Consolidated Financial Statements :-As the company is not required to prepare consolidated financial statement under AS - 21,requirement of this standard does not arise.x)AS 24 - Discontinuing operations :-The company has not discontinued any operations during the year.

y)AS 25 - Interim Financial Reporting :-This standard is not applicable as the company is not a listed company.z)AS - 26 Intangible assets :-The company does not have any intangible asset requiring compliance of the Standard.aa)AS - 27 Financial Reporting of Interests in Joint

ventures :-Not applicable as the company has no joint venture

ab)AS 28 - Impairment of assets :-The company does not have any fixed asset as at the balance sheet date.

ac)AS - 29 Provisions, contigent liabilities and

contigent assets :-i) Provisions

The requriements of Accounting Standard 29are not applicable to the operations of the Company.Accordingly, no provision is created ii)Contingent liabilities - -Capital commitments not provided for 535,500,000

2The directors have waived their sitting fees.3

Miscellaneous Expenditure not written off

(a)Expenditure incurred in raising term loan will

be written off over the period of the loan (b)Other preliminary expenditures will be written

off against profits

Rupees in lakhs As at /As at /Year ended Year ended 31-03-201031-03-2009

Schedules (continued)

Vide our report of over date V Subramanian H Lakshmanan For SUNDARAM & SRINIVASAN

Chairman Director

Chartered Accountants

Firm Registration No. FRN 004207S

G R V Rajan

M. BALASUBRAMANIYAM

Manager & President Partner Chennai Membership No: F7945

5th July 2010

In Rupees

As at As at 31-03-2010

31-03-2009

A CASH FLOW FROM OPERATING ACTIVITIES Profit before tax and extraordinary items (1,977,207)

Adjustments for:

Profit on Sale on Investments (net)(419,613)

-Preliminary Expenses -(21,576)

Operating profit before working

capital changes (2,396,820)(21,576)

Adjustments for:Loans and advances (229,500,000)

-Current Liabilites

-5,515

(229,500,000)

5,515Net cash from operating activities

(A)

(231,896,820)

(16,061)

B CASH FLOW FROM INVESTMENT ACTIVITIES Purchase of investments (540,016,726)-Redemption of investments 400,016,726-Net cash from investing activities

(B)

(140,000,000)

C CASH FLOW FROM FINANCING ACTIVITIES Share Capital

374,900,000 100,000

Upfront Fee on Term Loan (1,654,500)-Net cash from financing activities

(C)

373,245,500

100,000

D NET INCREAS

E IN CASH AND CASH EQUIVALENTS (A+B+C)1,348,680 83,939

Opening cash and cash equivalents 31.3.2009 83,939 -Closing cash and cash equivalents 31.3.2010 1,432,619

83,939

Notes :

1The above statement has been prepared in indirect method investments which has been considered on the basis of actual movement of cash.2Cash and cash equivalents include cash & bank balances.

Cash Flow Statement for the year ended 31st March 2010

Vide our report of over date V Subramanian H Lakshmanan For SUNDARAM & SRINIVASAN

Chairman Director

Chartered Accountants

Firm Registration No. FRN 004207S

G R V Rajan

M BALASUBRAMANIYAM

Manager & President Partner

Chennai Membership No: F7945

5th July 2010

IV.Performance of the company (Amount in Rs. ’000)Turnover

Total Expenditure (includes other income)Profit/(loss) before tax Profit / (loss) after tax Earnings per share (Rs)

Dividend rate (%)

V.Generic names of three principal products/services of Company (as per monetary terms)Item Code NO. (ITC Code)(NIC Code 2004)

40108

Product Description

Generation of Electricity

from other Non Conventional

sources

V Subramanian H Lakshmanan G R V Rajan Chairman Director

Manager & President

Place: Chennai Date: 5th July 2010

I.Registration details:Registration / CIN no.U 40109 TN 2008 PLC 069101

State code

Balance sheet date

II.Capital raised during the year (Amount in Rs.’000)Public issue Rights issue Bonus issue

Private placement

III.Position of mobilisation and deployment of funds (Amount in Rs.’000)Total liabilities Total assets

Sources of Funds Paid up capital Reserves and surplus Secured loans Unsecured loans

Application of Funds Net fixed assets Investments Net current assets Misc. Expenditure

Accumulated losses

Date Month

Year

Balance Sheet abstract and Company’s general business profile vide notification dated 15.5.95 issued by the Ministry of Corporate Affairs

201003

375000

N I L

Nil Nil

375000

N I L N I L

N I L

374900

N I L

230927

140420

1676

1977

(1977)2397

(1977)

420

(0.05)

N I L