Balance Sheet

As at March 31,	Schedule	2011	2010
SOURCES OF FUNDS
SHAREHOLDERS’ FUNDS
Share capital	1	3,49,78,993	3,49,78,993
Reserves and surplus	2	28,37,62,401	24,80,97,854
		31,87,41,394	28,30,76,847
APPLICATION OF FUNDS
FIXED ASSETS	3
Original cost		9,16,78,252	7,83,49,899
Less : Accumulated depreciation		7,50,05,762	5,93,82,552
Net book value		1,66,72,490	1,89,67,347
DEFERRED TAX ASSETS	4	63,26,583	47,27,412
CURRENT ASSETS, LOANS AND ADVANCES
Sundry debtors	5	15,16,42,608	10,28,96,908
Cash and bank balances	6	8,68,17,205	18,87,68,943
Loans and advances	7	21,42,83,088	6,15,23,217
		45,27,42,901	35,31,89,068
LESS : CURRENT LIABILITIES AND PROVISIONS
Current liabilities	8	12,74,82,088	5,58,63,397
Provisions	9	2,95,18,492	3,79,43,583
		15,70,00,580	9,38,06,980
NET CURRENT ASSETS		29,57,42,321	25,93,82,088
		318,741,394	283,076,847
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS	15

Note : The schedules referred to above are an integral part of the Balance Sheet.

For Shenoy & Kamath Chartered Accountants Firms Regn. No. 006673S
M. Rathnakar Kamath Partner Membership No : 202841	D. Swaminathan Chairman of the supervisory board	B. G. Srinivas Member	Abraham Mathews Jednatel	Ritesh M. Idnani Member
Bangalore April 11, 2011