Year Ended March 31, 2008 - Lumax Auto Technologies Ltd.

Balance Sheet as at March 31, 2008ParticularsSOURCES OF FUNDSScheduleAs at31.03.2008(Amount in Rs.)As at31.03.2007Own FundsShare Capital A 116,315,410 116,315,410Reserves & Surplus B 267,405,598 265,239,158383,721,008 381,554,568Loan FundsSecured Loans C 129,942,484 79,084,022Unsecured Loans D 23,189,960 21,660,748153,132,444 100,744,770Deferred Tax Liability E 24,092,000 21,570,300Grand Total 560,945,452 503,869,638APPLICATION OF FUNDSFixed AssetsFGross Block 388,660,992 374,134,158Less :Depreciation 96,773,665 77,754,910Net Block 291,887,327 296,379,248Capital Work In Progress 66,784,173 15,688,576358,671,500 312,067,824Investments G 26,670,720 12,723,220Current Assets, Loans & AdvancesInventories H 152,253,155 105,759,261Sundry Debtors I 215,616,680 215,690,182Cash and Bank balance J 50,641,536 56,433,374Loans & Advances K 163,938,456 156,924,631582,449,827 534,807,448Less : Current Liabilities & ProvisionsCurrent Liabilities L 383,076,688 333,974,728Provisions M 23,769,906 22,562,255406,846,594 356,536,983Net Current Assets 175,603,232 178,270,465Miscellaneous ExpenditureN - 808,129[To the extent not written off or adjusted]Grand Total 560,945,452 503,869,638Notes To Accounts W - -The Schedules referred to above form an integral part of the Balance Sheet.As per our report of even dateFor D. R. Barve & CompanyChartered AccountantsFor and on behalf of the Board of Directors of Lumax Auto Technologies Ltd.CA D. R. BarveProprietorM. No. 17661Place : GurgaonDate : June 28, 200824D. K. JainChairmanAshish DubeyHead FinanceUsha JainManaging DirectorMilita BharCompany Secretary