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

LUMAX DK AUTO INDUSTRIES LIMITEDBALANCE SHEET AS AT 31ST MARCH, 2008ParticularsSOURCES OF FUNDSShareholders' FundsShare CapitalReserves and SurplusSchedulesAs at31.03.2008(Amount in Rs.)As at31.03.20071 42,403,130 42,403,1302 132,417,389 41,138,936Loan FundsSecured LoansUnsecured Loans3102,998,303 112,869,100110,052,688 116,000,000Deferred Tax Liability - Net(Refer Note No B-11 of Schedule -20)APPLICATION OF FUNDSFixed AssetsGross BlockLess : DepreciationNet BlockCapital Work in ProgressPre-operative Expenses Pending AllocationCurrent Assets, Loans & AdvancesInventoriesSundry DebtorsCash & Bank BalancesLoans & AdvancesLess: Current Liabilities & ProvisionsLiabilitiesProvisionsNet Current Assets29,611,092 13,740,759417,482,602 326,151,9254425,352,358 169,160,49146,203,144 26,486,164379,149,214 142,674,3272,572,258 179,986,6075 - 9,544,6606 35,598,185 18,079,1537 217,976,641 163,139,9748 10,954,213 1,379,0129 59,589,510 16,263,49410324,118,549 198,861,633239,152,639 188,458,23251,462,280 19,843,320290,614,919 33,503,630 208,301,552 (9,439,919)Miscellaneous Expenditure(To the extent not written off or adjusted)11 2,257,500 3,386,250Significant Accounting Policies &Notes to Accounts20417,482,602 326,151,925This is the Balance Sheet referredto in our report of even date.Rajesh SethiPartnerMembership No. 85669For and on behalf ofJ.C. Bhalla & Co.Chartered AccountantsPlace : GurgaonDate : June 28, 2008.48For and on behalf of the Board of Directors of Lumax DK Auto Industries LimitedD.K.Jain Deepak Jain Anmol Jain Shivani JainChairman Director Director Executive DirectorSanjay MehtaAnil TyagiVice President (F)Company Secretary