Schedule								31st March, 2008		31st March, 2007
-						Rs.		Rs.		Rs.
I.	Sources of Funds
	(1)	Shareholders' Funds
		(a)   (b)	Capital   Reserves and Surplus	1   2		45,74,16,395   9,36,17,93,489				45,74,16,365   6,08,69,28,276
	-							9,81,92,09,884		6,54,43,44,641
	(2)	Loan Funds
		(a)   (b)	Secured Loans   Unsecured Loans	3   4		9,71,06,02,040   2,43,75,36,472				6,43,19,70,165   2,29,60,29,565
	-							12,14,81,38,512		8,72,79,99,730
	Deferred Tax Liability (Net)
	[Note 6 on Schedule 17]			-				1,42,77,42,185		1,12,40,92,879
	-							23,39,50,90,581		16,39,64,37,250
II.	Application of Funds
	(1)	Fixed Assets		5	-
		(a)   (b)	Gross Block   Less : Depreciation			18,95,44,39,391   8,11,20,25,873				16,76,31,75,670 7,21,93,42,588
		(c)   (d)	Net Block   Capital Work - in - Progress			10,84,24,13,518   6,34,59,31,650				9,54,38,33,082   1,50,80,68,195
	-							17,18,83,45,168		11,05,19,01,277
	(2)	Investments		6	-			47,82,66,737		28,87,27,907
	(3)	Current Assets, Loans and Advances
		(a)   (b)   (c)   (d)   (e)	Inventories   Sundry Debtors   Cash and Bank Balances   Other Current Assets   Loans and Advances	7   8   9   10   11		4,42,17,01,810   2,73,07,35,205   40,54,21,333   21,46,91,785   4,29,01,79,191				3,76,88,27,777   2,45,94,52,581   27,24,22,341   11,81,99,412   2,06,22,47,261
						12,06,27,29,324				8,68,11,49,372
		Less : Current Liabilities and Provisions		12
		(a)   (b)	Current Liabilities   Provisions			3,03,03,23,592   3,30,39,27,056				2,26,82,92,085   1,35,70,49,221
		-				6,33,42,50,648				3,62,53,41,306
		Net Current Assets						5,72,84,78,676		5,05,58,08,066
	-							23,39,50,90,581		16,39,64,37,250
	Notes on the Accounts			17	-
	The Schedules referred to above form an integral part of the Balance Sheet. This is the Balance Sheet referred to in our report of even date.

			B. K. Birla		Chairman
Kolkata 3rd May, 2008.	(S. K. Deb) Partner Membership No. 13390 For and on behalf of Price Waterhouse Chartered Accountants	S. K. Parik Director & Secretary	K. G. Maheshwari B. P. Bajoria P. K. Choksey G. B. Pande Amitabha Ghosh P. K. Mallik Manjushree Khaitan		Directors