Balance Sheet

As at December 31,	Schedule	2010	2009
SOURCES OF FUNDS
SHAREHOLDERS’ FUNDS
Share capital	1	6,53,000	6,53,000
Reserves and surplus	2	66,45,897	23,89,971
		72,98,897	30,42,971
APPLICATION OF FUNDS
CURRENT ASSETS, LOANS AND ADVANCES
Sundry debtors	3	77,97,265	67,71,383
Cash and bank balances	4	1,69,54,680	1,50,60,890
Loans and advances	5	25,04,660	7,37,667
		2,72,56,605	2,25,69,940
LESS : CURRENT LIABILITIES AND PROVISIONS
Current liabilities	6	1,66,60,966	1,81,39,853
Provisions	7	32,96,742	13,87,116
		1,99,57,708	1,95,26,969
NET CURRENT ASSETS		72,98,897	30,42,971
		72,98,897	30,42,971
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS	13

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	S. D. Shibulal Chairman	B. G. Srinivas Director

Bangalore January 7, 2011	Eric Stephen Paternoster Director	Rajesh Krishnamurthy Director