Particulars	Schedule	31st Mar. 2009	31st Mar. 2008
Particulars	Schedule
SOURCES OF FUNDS:
Shareholders Funds
Share Capital	1	1,172,276,060	1,605,869,460
Share Warrants	2	358,488,181	358,488,181
Reserves and Surplus	3	7,503,350,935	6,793,290,322
Accumulated Translation Reserve arising on consolidation		(63,452,764)	(25,655,131)
		8,970,662,411	8,731,992,832
Minority Interest		704,836,445	649,100,779
Deferred Tax Liability (Ref. Note No. 11 of Sch.22: Part B)		707,303,188	109,587,063
Loans Funds:
Secured Loans	4	17,546,365,416	12,146,273,068
Unsecured Loans	5	623,189,327	609,881,852
		18,169,554,744	12,756,154,920
	Total	28,552,356,788	22,246,835,594

APPLICATION OF FUNDS:
Fixed Assets:
Gross Block	6	17,500,844,102	12,616,506,423
Less: Accumulated Depreciation		(5,805,634,689)	(4,856,165,141)
		11,695,209,413	7,760,341,282
Add: Goodwill on Consolidation		1,669,491,382	1,201,115,046
Net Block		13,364,700,795	8,961,456,328

Capital Work-in-Progress (i/c capital advances)	7	1,207,963,451	1,202,346,958
Investments	8	200,774,846	603,014,644
Deferred Tax Assets (Net)		295,699,048	162,592,430
Current Assets, Loans & Advances	9
a) Inventories		9,858,602,460	8,099,424,530
b) Sundry Debtors		8,663,239,387	6,556,492,439
c) Cash & Bank Balances		1,174,130,793	1,036,239,113
d) Other Assets		220,578,273	173,682,223
e) Loans and Advances		3,202,925,217	2,865,304,034
		23,119,476,130	17,731,142,339
Less:
Current Liabilities & Provisions	10
a) Current Liabilities		8,787,131,245	6,793,486,657
b) Provisions		849,126,236	620,230,448
		9,636,257,481	7,413,717,105
Net Current Assets		13,483,218,649	11,317,425,234
	Total	28,552,356,788	22,246,835,594
Notes forming part of the Accounts	22

Signatures to the Schedule 1 to 22 As per our report of even date. For and on behalf of DALAL & SHAH Chartered Accountants	For and on behalf of the Board of Directors
Shishir Dalal Partner Mumbai, 25th August, 2009	A.V. Ghodgaonkar Company Secretary	Anil B. Jain Managing Director Mumbai 25th August, 2009	A.R. Barwe Director
Schedules Forming Part of the Balance Sheet