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

C) Reconciliation of opening and closing balances of benefit obligations and plan assetsParticularsChange in Projected Benefit Obligation (PBO)GratuityUnfunded(Rs.)Leave EncashmentUnfundedProjected benefit obligation at beginning of year * 1,356,635671,371Current service cost 1,035,699710,306Interest cost 105,66351,480Benefits paid (71,695)(55,739)Actuarial (gain) / loss 5,495(176,684)Projected benefit obligation at year end & change in plan assets:Fair value of plan assets at year end - Long Term -1,200,734Fair value of plan assets at year end - Short Term -517,674Net funded status of the plan -1,718,408Net amount recognized 2,431,7971,718,408* Includes provisions relating to Corrugated Box which wasNon - Operational w.e.f. 01-04-07@ (Related to Subsidiary Company)(Rs.)95,253 20,30612. Interest in Joint Venture CompaniesPursuant to Accounting Standard 27 on Financial Reporting of Interests in Joint Ventures, the relevant information relating to the JointVenture Company, is as given below:Name of the JointVenture CompanyLumax Cornaglia AutoTechnologies PrivateLimitedCountry ofIncorporationProportion ofOwnershipinterestDescription of InterestIndia 50% JV is established principally for manufacture,assemble and to sell automotive componentsThe Company's share in the aggregate amounts to each of the assets, liabilities, income, expenses, capital commitments and contingentststliabilities as at / for the year ended 31 March 2008 and 31 March 2007 are as under:Proportion of Company’s Interest in Joint VentureAssetsLiabilitiesIncomeExpensesCapital CommitmentsContingent Liabilities2007-0813,598,924-40,197388,772--(Amount In Rs.)2006-07------82