Om 2008

S.M.SHERKAR & CO. M/S.OMICRON ENG CHARTERED ACCOUNTANTS SHANGRILA SHOPPING COMPLEX SAI VILLA ,PLOT NO SAMARTHNAGAR,AURANGABAD ------------------------- -- ------------------------------------------------------------------- -- ------------------------- -TEN BALANCE SHEET AS ------------------------- -- ------------------------------------------------------------------- -- ------------------------- -| LIABILITIES | AMOUNT | ------------------------- -- ------------------------------------------------------------------- -- ------------------------- -| PARTNERS CAPITAL ACCOUNT : | | 8136153.98 | MR.R.C.AGRAWAL | 11999718.98 | 7288287.37 | MR.M.R.AGRAWAL | 10974829.37 | | (As per Annexure "A") | ------------------------- | | | | | LOANS & BORROWINGS : | | | a)SECURED LOANS : | | | Saraswat Co.Op.Bank,Cidco,A'bad | | 0.00 | Cash Credit - A/C NO.83 | 0.00 | 0 | ICICI Bank: Car Term Loan | 0| 0.00 | ICICI Bank: Car Term Loan | 0.00 | 519360.39 | UNION BANK INDIA,CIDCO A'bad | 0| | b)UNSECURED LOANS | | | From Friends & Relatives | | | ( As per Annexure-"B") | 0.00 | | | ------------------------- | | CURRENT LIABILITIES & PROVISIONS | | | Sundry Creditors & payable | | 1323629.00 | (As per Annexure "C") | 73910358.35 | 1200000 | S.Deposit(Shrikrishna Elect.) | 0| 0.00 | Providend fund payable | 0.00 | 0.00 | Salary & Wages payable | 0.00 | 265.00 | Income Tax collected at source | 413248.00 | 0.00 | Service Tax payable | 0.00 | 0.00 | Professional Tax Payable | 0.00 | 0| Vat Tax payable | 0| 0| TDS Payable to Bank | 0| | | ------------------------- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

------------------------- | 18467695.74 | ============== | ====================================== PLACE: AURANGABAD DATE : 19.08.2008

| | | TOTAL RS : | | ============== | AS PER OUR REPORT OF EVEN DATE FOR S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS

--------------------------S.M.SHERKAR.PROP.M.NO.34617

S.M.SHERKAR & CO. M/S.OMICRON ENG CHARTERED ACCOUNTANTS SHANGRILA SHOPPING COMPLEX SAI VILLA ,PLOT NO SAMARTHNAGAR,AURANGABAD ------------------------- -- ------------------------------------------------------------------- -- ------------------------- -PROFIT & LOSS ACCOUNT FOR THE YE ------------------------- -- ------------------------------------------------------------------- -- ------------------------- -PREVIOUS YEAR | EXPENDITURE | AMOUNT | ------------------------- -- ------------------------------------------------------------------- -- ------------------------- -606900 | To Opening stock | | 3850000.00 | To Work in progress | | 1359419.94 | To Material Purchases | | 812702.71 | To Contract Expenses(R.A. Bills) | | 0.00 | To Freight,Cartage & Octroi | | 0.00 | To Salary & Wages to Staff | | | | | 878750.35 | To Gross Profit | | | | | | | | ------------------------- | | | 7507773.00 | | TOTAL RS. | ============== | | | 10960.50 | To Postage & Telegramme | | 2951.00 | To Telephone & Mobiles | | 78950.00 | To Tender Fees | | 1205.38 | To Interest:Car loan | 0| 0.00 | :Unsecured loan | 0| 31727.00 | :Bank Borrowing & L/c | 127704 | | | ------------------------- | 21635.50 | To Bank,L.C & Guarantee Commission | | 0 | To Travelling & Conveyance | | 10009.50 | To Printing and stationery | | 5356.00 | To Electricity & Water Charges | | 0.00 | To Providend Fund | | 0.00 | To Office & Godown Rent | | 0.00 | To House Rent | |

0.00 | To Karnataka Welfare Cess 441 | To Advertisement Expenses 9437.50 | To Insurance & Workmen Insurance 0.00 | To Professional charges 13981 | To Repair & Maintenance 0.00 | To Vehicle running & maintenance 0 | To Audit fees 280969.00 | To Work Contract Tax 121729 | To Service tax paid 0.00 | To Fooding & Site Lunger Exps 2920.00 | To Legal,Stamp Duty & Mortgage 6964.00 | To Office & Misc. expenses 0 | To Profession tax 0 | To Workmens Compensation expenses 614.20 | To Short & excess recovery w/off 9961 | To Depreciation (As per Annexure) 350030.77 | To Profit before Appropriation ============== = ====================================== 959842.35 | ============== = ====================================== PLACE: AURANGABAD DATE : 19.08.2008

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | = ============== = | TOTAL RS. | = ============== = AS PER OUR REPORT OF EVEN DATE FOR S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS

--------------------------S.M.SHERKAR.PROP.M.NO.34617 |::

S.M.SHERKAR & CO. M/S.OMICRON ENG CHARTERED ACCOUNTANTS SHANGRILA SHOPPING COMPLEX SAI VILLA ,PLOT NO SAMARTHNAGAR,AURANGABAD ------------------------- -- ------------------------------------------------------------------- -- ------------------------- -PROFIT & LOSS APPROPRIATION ACCO ------------------------- -- ------------------------------------------------------------------- -- ------------------------- -PREVIOUS YEAR | EXPENDITURE | AMOUNT | ------------------------- -- ------------------------------------------------------------------- -- ------------------------- -| To Interest on Capital @12% | | 0| i) Mr.Manish R. Agrawal | 862545 | 0| ii) Mr.Ramaniranjan Agrawal | 964568 | | | ------------------------- | | To Salary To Partners | | 0| i) Mr.Manish R. Agrawal | 300000 | 0| ii) Mr.Ramaniranjan Agrawal | 375000 | | | ------------------------- | | To Net Profit Trans.to Capital A/c | | 175015.38 | i) Mr.Manish R. Agrawal | 2644374.50 | 175015.39 | ii) Mr.Ramaniranjan Agrawal | 2644374.50 | | | ------------------------- | | | | ============== = ====================================== = ============== =

350030.77 | ============== = ====================================== PLACE: AURANGABAD DATE : 19.08.2008

| TOTAL RS. | = ============== = AS PER OUR REPORT OF EVEN DATE FOR S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS

--------------------------S.M.SHERKAR.PROP.M.NO.34617 ********* ********************* ************************************************************ ************************ *** ********** ********************* ** ********************************************************* ** ********************* ** M/S.OMICRON ENGINEERS --------------------SAI VILLA,PLOT NO.388,N-1 E-SECTOR,CIDCO,AURANGABAD AS ON 31.03.2008 ANNEXURE-A PARTNERS CAPITAL ACCOUNT -----------------------MR.R.C.AGRAWAL -------------BALANCE AS PER LAST B/S ADD:AMOUNT BROUGHT : 1)I. T. REFUND 2)SALARY TO PARTNER 3)INTEREST ON CAPITAL 4)PROFIT FOR THE YEAR

LESS:WITHDRAWALS: AMOUNT TRF. FROM FIRMS: 1)FIRM TAX 2)TDS 3)ADVANCE FBT 4)SELF ASST. TAX 5)HOUSEHOLD & OTHER

MR.MANISH R.AGRAWAL -------------------BALANCE AS PER LAST B/S ADD:AMOUNT BROUGHT : 1)I. T. REFUND 2)SALARY TO PARTNER 3)INTEREST ON CAPITAL 4)PROFIT FOR THE YEAR

8136153.98 0 375000 964568 2643030.5 ------------------------12118752.48

0 120377.5 0 0 0 -------------------------

7288287.37 0 300000 862545 2643030.5 ------------------------11093862.87

LESS:WITHDRAWALS: AMOUNT TRF. FROM FIRMS: 1)FIRM TAX 2)TDS 3)ADVANCE FBT 4)SELF ASST. TAX 5)HOUSEHOLD & OTHER

0 120377.5 0 0 0 -------------------------

====== ============== = ====================================== = ============== =

M/S.OMICRON ENGINEERS (MAHARASHTRA SITE) SAI VILLA,PLOT NO.388,N-1 E-SECTOR,CIDCO,AURANGABAD --------------------------- -- -- -- --------------------------- -- ------------------------------------------------------------------------- -BALANCE SHEET AS ON 31.3.2008 --------------------------- -- -- -- --------------------------- -- ------------------------------------------------------------------------- -AMOUNT | | | ASSETS | --------------------------- -- -- -- --------------------------- -- ------------------------------------------------------------------------- -| | | FIXED ASSETS : | | | 676608.00 | (As per Annexure "D") | | | | INVESTMENTS : | 22974548.35 | | 15300 | Saraswat Co.Op.Bank:Shares | | | 500 | National Saving Certificate | | | | | | | | CURRENT ASSETS, LOANS & ADVANCES | | | | INVENTORY: | | | 2251000.00 | Work in progress | | | 533472.00 | Closing stock | | | | ( As certified by the partners) | | | | SUNDRY DEBTORS | | | 3753300.00 | (As per Annexure "E") | | | | SUNDRY DEPOSIT : | | | 1143711.00 | (As per Annexure "F") | | | | LOAN & ADVANCE TO OTHERS | | | | Crs having Debit Balances | | | 0| (As per Annexure "G") | | | 0| Vat setoff claimable | | | | Service Tax setoff claimable | | | 170000 | Loan & Advance to others | | | 0| (As per Annexure "H") | | | 240755 | Prepaid Insurance | | | 0.00 | Tax Deducted at source | | | 0| Advance Tax | | | | Advance Fringe Benefit Tax | | | | CASH AND BANK BALANCES : | 74323606.35 | | 78034.38 | Cash on hand | | | 0.00 | HDFC BANK.A'bad | | | 0.00 | ING Vysya Bank ltd.A'bad | | | 0.00 | | | | | BRANCH & DIVISION | | | 9605015.36 | Omicron Engineers,Karnataka | | | | | | | | | | | | | | | | | | | | | | | | |

--------------------------- | = | --------------------------- | | 97298154.70 | | 18467695.74 | 0.00 | =============== | = | =============== | ========================================= | UR REPORT OF EVEN DATE PLACE : AURANGABAD FOR OMICRON HERKAR & CO. DATE : 19.08.2008 ED ACCOUNTANTS

KAR.PROP.M.NO.34617

M/S.OMICRON ENGINEERS (MAHARASHTRA SITE) SAI VILLA,PLOT NO.388,N-1 E-SECTOR,CIDCO,AURANGABAD --------------------------- -- -- -- --------------------------- -- ------------------------------------------------------------------------- -& LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2008 --------------------------- -- -- -- --------------------------- -- ------------------------------------------------------------------------- -AMOUNT | | PREVIOUS YEAR | INCOME | --------------------------- -- -- -- --------------------------- -- ------------------------------------------------------------------------- -533472 | | | By Sales & R.A.Bills: | 2251000.00 | | 4723301.00 | Material Supply & Civil Work | 51038381.47 | | | (As per Annexure) | 36574986 | | 0 | By Rate,Weight & Quality Diff. | 49989.50 | | 2251000.00 | By Work in progress | 0.00 | | 533472 | By Closing stock | | | | | 10377713.32 | | | | | | | | | | | | --------------------------- | | --------------------------- | | 100825542.29 | | 7507773.00 | | =============== | | =============== | | 1301.00 | | 878750.35 | By Gross Profit | 1506.00 | | 81092 | By Interest recd. on FDR | 0.00 | | 0.00 | By Discount | | | 0 | By M.Vat Set Off | | | 0.00 | By Dividend | | | 0 | By Short & excess recovery w/off | 127704 | | | | 235150.00 | | | | 26589 | | | | 38301.00 | | | | 3411.00 | | | | 0.00 | | | | 0.00 | | | | 13700.00 | | | |

0.00 | | 56686.00 | | 0| | 0.00 | | 0| | 47419.00 | | 22500 | | 47788.00 | | 3108270.84 | | 34563 | | 0.00 | | 2408 | | 0.00 | | 0| | 1.33 | | 77145.00 | | 7790862.00 | | =============== = = = =============== 11635305.17 | | 959842.35 =============== = = = =============== UR REPORT OF EVEN DATE HERKAR & CO. ED ACCOUNTANTS

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | = ========================================= = | 0.00 | = ========================================= = PLACE : AURANGABAD FOR OMICRON DATE : 19.08.2008

KAR.PROP.M.NO.34617

M/S.OMICRON ENGINEERS (MAHARASHTRA SITE) SAI VILLA,PLOT NO.388,N-1 E-SECTOR,CIDCO,AURANGABAD --------------------------- -- -- -- --------------------------- -- ------------------------------------------------------------------------& LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31.03.2008 --------------------------- -- -- -- --------------------------- -- ------------------------------------------------------------------------AMOUNT | | PREVIOUS YEAR | INCOME --------------------------- -- -- -- --------------------------- -- ------------------------------------------------------------------------| | 350030.77 | By Profit before Appropriation | | | | | | 1827113.00 | | | | | | | | | | | | 675000.00 | | | | | | | | | | | | 5288749.00 | | | | | | =============== = = = =============== = =========================================

--| -| | | | | | | | | | | | | =

7790862.00 | | 350030.77 | 0.00 | =============== = = = =============== = ========================================= = UR REPORT OF EVEN DATE PLACE : AURANGABAD FOR OMICRON HERKAR & CO. DATE : 19.08.2008 ED ACCOUNTANTS

KAR.PROP.M.NO.34617 ********************* ****************************** *************************************************************** *** *********************** ** ** ** *********************** ** ************************************************************* **

11998374.98

10973485.37 --------------------------22971860.35 ===============

=============== = = = =============== = ========================================= =

------------------------- -- --------------------------------------------------- -- --------------------------AMOUNT | AMOUNT ------------------------- -- --------------------------| | 1521018.00 | 15300 | 500 | ------------------------- | 15800.00 | | 28822000 | 4151274.00 | | | 49114800.00 | | 1445590.00 | | | 582033 | 1237901.85 | 0| | 0| 0| 1507768 | 0| 0| | 55666.38 | 0| 0| ------------------------- | 86917033.23 | | 8844303.47 | | | | | |

2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2

2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2

S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS SHANGRILA SHOPPING COMPLEX SAMARTHNAGAR,AURANGABAD ------------------------- -------------------------- -| ------------------------- -| 11259914.84 | 11408742.83 | | | | | | 139913875.17 | 198116 | 432649.00 | | | | 12488002.00 | | | | 33066776.31 | | 5349.00 | 90004.00 | 482057.00 | 645664.21 | 2930 | 0| 0| | | | | | 9605015.36 | | | | | | |

| --------------------------TOTAL RS. : | 97298154.70 ============== | =============== FOR OMICRON ENGINEERS

------------------------- -- --------------------------MR.M.R.AGRAWAL...PARTNER

------------------------- -- --------------------------------------------------- -- --------------------------AMOUNT | AMOUNT ------------------------- -- --------------------------| | 67852268.29 | | 28822000 | 4151274.00 | ------------------------- | 32973274.00 | | | | --------------------------TOTAL RS. : | 100825542.29 | =============== | 10377713.32 | 19690 | 0.00 | 1237901.85 | 0 | 0.00 | | | | | | | |

2 2 2 2 2 2 2 2 2 2 2 2 2 2 2

2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2

------------------------- | 219599095.72 | ============== | PLACE: AURANGABAD DATE : 19.08.2008

S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS SHANGRILA SHOPPING COMPLEX SAMARTHNAGAR,AURANGABAD ------------------------- -------------------------- -PREVIOUS YEAR | ------------------------- -425950 | 12780000.00 | 212690364.34 | 64460159.57 | 1029979.00 | 980364.00 | | 44867717.47 | | | ------------------------- | 337234534.38 | ============== | 40263.30 | 487682.50 | 714032.00 | 24928 | 1230141 | 10855040 | | 2090455.08 | 916813.60 | 321428.51 | 123780.00 | 48557.00 | 27500.00 | 211720.00 |

| | | | | | | | | | | | | | | | | ============== = =============== TOTAL RS. | 11635305.17 ============== = =============== FOR OMICRON ENGINEERS

------------------------- -- --------------------------MR.M.R.AGRAWAL...PARTNER

------------------------- -- --------------------------------------------------- -- --------------------------AMOUNT | AMOUNT ------------------------- -- --------------------------| 7790862 | | | | | | | | | | | | ============== = ===============

2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2

2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2

0| 68660.00 | 135456.00 | 423000.00 | 28892.60 | 779995.03 | 41634.00 | 2898439.00 | 1211915.20 | 382715.50 | 600129.00 | 241728.70 | 26815.00 | 50604.00 | 0| 382061.00 | 22192312.16 | ============== = 46556698.18 | ============== = PLACE: AURANGABAD DATE : 19.08.2008

S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS SHANGRILA SHOPPING COMPLEX SAMARTHNAGAR,AURANGABAD ------------------------- -------------------------- -PREVIOUS YEAR | ------------------------- -| 1165511 | 1217353 | | | 600000.00 | 750000.00 | | | 9229724.08 | 9229724.08 | | | ============== =

TOTAL RS. | 7790862.00 ============== = =============== FOR OMICRON ENGINEERS

------------------------- -- --------------------------MR.M.R.AGRAWAL...PARTNER

2 2 2 2 2 2 2 2 2

22192312.16 | ============== = PLACE: AURANGABAD DATE : 19.08.2008

********************* ************************ ****** ********* ********************* *** ********************* ** *********************** ** ***** *********** ********************* **

============== = ===============

======= ============== =

RKAR & CO. M/S.OMICRON ENGINEERS RED ACCOUNTANTS RILA SHOPPING COMPLEX SAI VILLA ,PLOT NO.388,N-1 HNAGAR,AURANGABAD ------------------------------------------------------------------- -- --------------------------- -- ------------------------- -- -- -TEN BALANCE SHEET AS ON 31.3.2008 ------------------------------------------------------------------- -- --------------------------- -- ------------------------- -- -- -LIABILITIES | AMOUNT | AMOUNT | | ------------------------------------------------------------------- -- --------------------------- -- ------------------------- -- -- -PARTNERS CAPITAL ACCOUNT : | | | | MR.R.C.AGRAWAL | 26416415.10 | | | MR.M.R.AGRAWAL | 25215070.11 | | | (As per Annexure "A") | --------------------------- | 51631485.21 | | | | | | LOANS & BORROWINGS : | | | | a)SECURED LOANS : | | | | Saraswat Co.Op.Bank,Cidco,A'bad | | | | Cash Credit - A/C NO.83 | 199133348.52 | | | ICICI Bank: Car Term Loan(Indica) | 98302.93 | | | ICICI Bank: Car Term Loan(Innova) | 270458.00 | | | Union Bank of India:Cash Credit) | 201506.54 | | | b)UNSECURED LOANS | | | | From Friends & Relatives | | | | ( As per Annexure-"B") | 3060464.00 | | | | --------------------------- | 202764079.99 | | CURRENT LIABILITIES & PROVISIONS | | | | Sundry Creditors & payable | | | | (As per Annexure "C") | 67564288.69 | | | S.Deposit(Shrikrishna Elect.) | | | | Providend fund payable | 25901.00 | | | Salary & Wages payable | 116828.00 | | | Income Tax collected at source | 791359.00 | | | Service Tax payable | 2930901.21 | | | Professional Tax Payable | 3635 | | | Vat Payable | 441399.13 | | | TDS Payable to Bank | 384 | | | | --------------------------- | 71874696.03 | | | | | | | | | | | | | | BRANCH & DIVISION | | | | Omicron Engineers,Aurangabad | | 8844303.47 | | | | | | | | | | | | | | | | | | | | | | | | | |

| | ------------------------- | = | | TOTAL RS : | 335114564.70 | | ====================================== | =============== | ============== | = | AURANGABAD AS PER OUR REPORT OF EVEN DATE FOR S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS

--------------------------S.M.SHERKAR.PROP.M.NO.34617

RKAR & CO. M/S.OMICRON ENGINEERS RED ACCOUNTANTS RILA SHOPPING COMPLEX SAI VILLA ,PLOT NO.388,N-1 HNAGAR,AURANGABAD ------------------------------------------------------------------- -- --------------------------- -- ------------------------- -- -- -PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2008 ------------------------------------------------------------------- -- --------------------------- -- ------------------------- -- -- -EXPENDITURE | AMOUNT | AMOUNT | | ------------------------------------------------------------------- -- --------------------------- -- ------------------------- -- -- -To Opening stock | | 26245155 | | To Work in progress | | 35045700.00 | | To Material Purchases | | 278455381.31 | | To Contract Expenses(R.A. Bills) | | 130613296.48 | | To Freight,Cartage & Octroi | | 1239757.86 | | To Salary & Wages to Staff | | 1898009.00 | | | | | | To Gross Profit | | 74432686.81 | | | | | | | | | | | | ------------------------- | | | TOTAL RS. | 547929986.46 | | | | ============== | | To Postage & Telegramme | | 95735.60 | | To Telephone & Mobiles | | 588478.15 | | To Tender Fees | | 356414.00 | | To Interest:Car loan | 93525.09 | | | :Unsecured loan | 931753 | | | :Bank Borrowing & L/c | 18405071.8 | | | | --------------------------- | 19430349.89 | | To Bank,L.C & Guarantee Commission | | 1899313.03 | | To Travelling Expenses | | 966427.90 | | To Printing and stationery | | 577928.25 | | To Electricity & Water Charges | | 172128.00 | | To Providend Fund | | 102363.00 | | To Office & Godown Rent | | 162800.00 | | To House Rent | | 251967.00 | |

To Karnataka Welfare Cess To Advertisement Expenses To Insurance & workmens Insu. To Professional charges To Repair & Maintenance To Vehicle running & maintenance To Audit fees To Work Contract Tax To Service tax paid To Fooding & Site Lunger Exps. To Legal,Stamp Duty & Mortgage To Office & Misc. expenses To Professional Tax To Workmens Compesation Expenses To Short Excess Recovery w/off To Depreciation (As per Annexure) To Profit before Appropriation ======================================

| | 1992986.00 | | | | 41579.00 | | | | 347196.31 | | | | 391160.00 | | | | 55532.00 | | | | 924622.27 | | | | 39326.00 | | | | 5402282.58 | | | | 1921712.50 | | | | 582484.31 | | | | 278745.00 | | | | 125570.25 | | | | 2500.00 | | | | 0| | | | 2695.78 | | | | 604906.00 | | | | 40575531.51 | | = =============== = ============== = = = | TOTAL RS. | 77892734.33 | | ====================================== = =============== = ============== = = = AURANGABAD AS PER OUR REPORT OF EVEN DATE FOR S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS

--------------------------S.M.SHERKAR.PROP.M.NO.34617

RKAR & CO. M/S.OMICRON ENGINEERS RED ACCOUNTANTS RILA SHOPPING COMPLEX SAI VILLA ,PLOT NO.388,N-1 HNAGAR,AURANGABAD ------------------------------------------------------------------- -- --------------------------- -- ------------------------- -- -- -PROFIT & LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED ------------------------------------------------------------------- -- --------------------------- -- ------------------------- -- -- -EXPENDITURE | AMOUNT | AMOUNT | | ------------------------------------------------------------------- -- --------------------------- -- ------------------------- -- -- -To Interest on Capital @12% | | | | i) Mr.Manish R. Agrawal | 1033387 | | | ii) Mr.Ramaniranjan Agrawal | 1047282 | | | | --------------------------- | 2080669.00 | | To Salary To Partners | | | | i) Mr.Manish R. Agrawal | 300000 | | | ii) Mr.Ramaniranjan Agrawal | 375000 | | | | --------------------------- | 675000.00 | | To Net Profit Trans.to Capital A/c | | | | i) Mr.Manish R. Agrawal | 18909931.25 | | | ii) Mr.Ramaniranjan Agrawal | 18909931.26 | | | | --------------------------- | 37819862.51 | | | | | | ====================================== = =============== = ============== = = =

| TOTAL RS. | 40575531.51 | | ====================================== = =============== = ============== = = = AURANGABAD AS PER OUR REPORT OF EVEN DATE FOR S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS

--------------------------S.M.SHERKAR.PROP.M.NO.34617 ********************************************************* ************************ ************************ ********* ********************************************************* ** *********************** ** ********************* ** ** ** M/S.OMICRON ENGINEERS SHOP NO.9,ASSEMBLY TOWER, BEHIND MINI VIDHAN SOUDHA, COURT ROAD, GULBARGA. AS ON 31.03.2008 ANNEXURE-A PARTNERS CAPITAL ACCOUNT -----------------------MR.R.C.AGRAWAL -------------BALANCE AS PER LAST B/S ADD:AMOUNT BROUGHT : 1)I. T. REFUND 2)SALARY TO PARTNER 3)INTEREST ON CAPITAL 4)PROFIT FOR THE YEAR

LESS:WITHDRAWALS: AMOUNT TRF. FROM FIRMS: 1)FIRM TAX 2)TDS 3)ADVANCE FBT 4)SELF ASST. TAX 5)HOUSEHOLD & OTHER

MR.MANISH R.AGRAWAL -------------------BALANCE AS PER LAST B/S ADD:AMOUNT BROUGHT : 1)I. T. REFUND 2)SALARY TO PARTNER 3)INTEREST ON CAPITAL 4)PROFIT FOR THE YEAR

11259914.84 5830 375000 1047282 18854814.76 --------------------------31542841.6

151076 455872 85600 3539000 949995 ---------------------------

11408742.83 5830 300000 1033387 18854814.75 --------------------------31602774.58

26361298.6

LESS:WITHDRAWALS: AMOUNT TRF. FROM FIRMS: 1)FIRM TAX 2)TDS 3)ADVANCE FBT 4)SELF ASST. TAX 5)HOUSEHOLD & OTHER

151076 455872 85600 3561000 2189272.97 ---------------------------

25159953.61 ------------------------51521252.21 ==============

====================================== = =============== = ============== = = =

M/S.OMICRON ENGINEERS (KARNATAKA SITE) SAI VILLA,PLOT NO.388,N-1 E-SECTOR,CIDCO,AURANGABAD ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -ET AS ON 31.3.2008 ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -| ASSETS | AMOUNT | ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -| FIXED ASSETS : | | 2711999.00 | (As per Annexure "D") | | | INVESTMENTS : | | 0| Saraswat Co.Op.Bank:Shares | 0| 5000.00 | National Saving Certificate | 5000 | | | ------------------------- | | CURRENT ASSETS, LOANS & ADVANCES | | | INVENTORY: | | 35045700 | Work in progress | 40749500 | 26245155.00 | Closing stock | 7495850.00 | | ( As certified by the partners) | | | SUNDRY DEBTORS | | 88420982.00 | (As per Annexure "E") | 70348135.02 | | SUNDRY DEPOSIT : | | 51638359.93 | (As per Annexure "F") | 174109903.93 | | LOAN & ADVANCE TO OTHERS | | | Crs having Debit Balances | | 11004261.8 | (As per Annexure "G") | 1727613.12 | 599694.69 | Vat Set off Claimable | 0| 151253 | Service Tax setoff claimable | 0| | Loan & Advance to others | | 744780.75 | (As per Annexure "H") | 26594337 | 116500.00 | Prepaid Insurance | 254272.00 | 911744 | Tax Deducted at source | 1646022 | 0.00 | Advance Tax | 7500000 | 21200 | Advance Fringe Benefit Tax | 165000.00 | | CASH AND BANK BALANCES : | | 196185.89 | Cash on hand | 200472.60 | 220306.02 | HDFC BANK.A'bad | 35526.44 | 1565973.64 | ING Vysya Bank ltd.A'bad | 1117759.59 | | | ------------------------- | | BRANCH & DIVISION | | | Omicron Engineers,Kanpur | | | | | | | | | | | | | | | | | | | |

------------------------- | | | 219599095.72 | 0.00 | TOTAL RS. : | ============== | ======================================= | ============== | PLACE : AURANGABAD FOR FOR OMICRON OMICRON ENGINEERS ENGINEERS DATE : 19.08.2008

------------------------- -MR.M.R.AGRAWAL...PARTNER

M/S.OMICRON ENGINEERS (KARNATAKA SITE) SAI VILLA,PLOT NO.388,N-1 E-SECTOR,CIDCO,AURANGABAD ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -HE YEAR ENDED 31.03.2008 ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -PREVIOUS YEAR | INCOME | AMOUNT | ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -| By Sales & R.A.Bills: | | 275532209.20 | Material Supply & Civil Work | | | (As per Annexure) | | 411470.18 | By Rate,Weight & Quality Diff. | | 35045700.00 | By Work in progress | 40749500.00 | 26245155 | By Closing stock | 7495850 | | | ------------------------- | | | | | | | | | | ------------------------- | | | 337234534.38 | | TOTAL RS. : | ============== | | | 44867717.47 | By Gross Profit | | 900105 | By Interest recd. on FDR | | 1600 | By Discount | | 772789.09 | By K-Vat Credit Setoff | | 0 | By Dividend | | 14486.62 | By Short & excess recovery w/off | | 0 | By Interest from Loans | | | | | | | | | | | | | | | | | | | | | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ============== = ======================================= = ============== = 46556698.18 | 0.00 | TOTAL RS. | ============== = ======================================= = ============== = PLACE : AURANGABAD FOR FOR OMICRON OMICRON ENGINEERS ENGINEERS DATE : 19.08.2008

M/S.OMICRON ENGINEERS (KARNATAKA SITE) SAI VILLA,PLOT NO.388,N-1 E-SECTOR,CIDCO,AURANGABAD ------------------------- -- --------------------------------------------------------------------ACCOUNT FOR THE YEAR ENDED 31.03.2008 ------------------------- -- --------------------------------------------------------------------PREVIOUS YEAR | INCOME ------------------------- -- --------------------------------------------------------------------22192312.16 | By Profit before Appropriation | | | | | | | | | | | | ============== = =======================================

------------------------- -MR.M.R.AGRAWAL...PARTNER

-- ------------------------- --- ------------------------- -| AMOUNT | -- ------------------------- -| | | | | | | | | | | | | | | | | | | | | | | | | | = ============== =

22192312.16 | 0.00 | TOTAL RS. | ============== = ======================================= = ============== = PLACE : AURANGABAD FOR FOR OMICRON OMICRON ENGINEERS ENGINEERS DATE : 19.08.2008

------------------------- -MR.M.R.AGRAWAL...PARTNER ********************* ************************************************************ ************************ *** ********************* ** ********************************************************** ** ********************* **

============== = ======================================= = ============== =

------------------------------------------------AMOUNT ------------------------3022576.00

5000.00

331944391.70 142597.00

3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3

3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3

S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS SHANGRILA SHOPPING COMPLEX SAMARTHNAGAR,AURANGABAD ------------------------- -- ------------------------------------------------------------------- -------------------------- -| ------------------------- -| 0.00 | 0.00 | | | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | 0.00 | | | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | | | | | | | | | | | |

------------------------------------------------------------------LIABILITIES ------------------------------------------------------------------PARTNERS CAPITAL ACCOUNT : MR.R.C.AGRAWAL MR.M.R.AGRAWAL (As per Annexure "A") LOANS & BORROWINGS : a)SECURED LOANS : Saraswat Co.Op.Bank,Cidco,A'bad Cash Credit - A/C NO.83 ICICI Bank: Car Term Loan ICICI Bank: Car Term Loan UNION BANK INDIA,CIDCO A'bad b)UNSECURED LOANS From Friends & Relatives ( As per Annexure-"B") CURRENT LIABILITIES & PROVISIONS Sundry Creditors & payable (As per Annexure "C") S.Deposit(Shrikrishna Elect.) Providend fund payable Salary & Wages payable Income Tax collected at source Service Tax payable Professional Tax Payable U.P.Vat Payable TDS Payable to Bank Advance:UP Rajkiya Nirman Nigam

BRANCH & DIVISION Omicron Engineers,Karnataka

-| -| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

------------------------335114564.70 ============== ICRON ENGINEERS

------------------------AGRAWAL...PARTNER

------------------------------------------------AMOUNT ------------------------499684636.46

48245350.00

------------------------547929986.46 ============== 74432686.81 1950808 8689.52 0.00 4500.00 0 1496050

3 3 3 3 3 3 3 3 3 3 3 3 3 3 3

3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3

------------------------- | 0.00 | ============== | ====================================== PLACE: AURANGABAD DATE : 19.08.2008

| | | AS PER OUR R FOR S.M.SHER CHARTERED A

--------------------S.M.SHERKAR

S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS SHANGRILA SHOPPING COMPLEX SAMARTHNAGAR,AURANGABAD ------------------------- -- ------------------------------------------------------------------- -PROFIT & LOSS ACCOUNT FOR THE YE ------------------------- -- ------------------------------------------------------------------- -PREVIOUS YEAR | EXPENDITURE | ------------------------- -- ------------------------------------------------------------------- -0 | To Opening stock | 0 | To Work in progress | 0 | To Material Purchases | 0 | To Contract Expenses(R.A. Bills) | 0 | To Freight,Cartage & Octroi | 0 | To Salary & Wages to Staff | | | 0 | To Gross Profit | | | | | ------------------------- | | 0.00 | | ============== | | 0 | To Postage & Telegramme | 0 | To Telephone & Mobiles | 0 | To Tender Fees | 0 | To Interest:Car loan | 0| :Unsecured loan | 0| :Bank Borrowing & L/c | 0| | 0 | To Bank,L.C & Guarantee Commission | 0 | To Travelling Expenses | 0 | To Printing and stationery | 0 | To Electricity & Water Charges | 0 | To Providend Fund | 0 | To Office & Godown Rent | 0 | To House Rent |

3 3 3 3 3 3 3 3

============== 77892734.33 ============== ICRON ENGINEERS

------------------------AGRAWAL...PARTNER

------------------------------------------------AMOUNT ------------------------40575531.51

==============

3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3

3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3

0 | To Karnataka Welfare Cess 0 | To Advertisement Expenses 0 | To Insurance & Workmens Insurance 0 | To Professional charges 0 | To Repair & Maintenance 0 | To Vehicle running & maintenance 0 | To Audit fees 0 | To Work Contract Tax 0 | To Service tax paid 0 | To Fooding & Site Lunger Exps. 0 | To Legal,Stamp Duty & Mortgage 0 | To Office & Misc. expenses 0 | To Professional Tax 0 | To Workmens Compesation Expenses 0 | To Short Excess Recovery w/off 0 | To Depreciation (As per Annexure) 0 | To Profit before Appropriation ============== = ====================================== 0.00 | ============== = ====================================== PLACE: AURANGABAD DATE : 19.08.2008

| | | | | | | | | | | | | | | | | = | = AS PER OUR R FOR S.M.SHER CHARTERED A

--------------------S.M.SHERKAR S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS SHANGRILA SHOPPING COMPLEX SAMARTHNAGAR,AURANGABAD ------------------------- -- ------------------------------------------------------------------- --

PROFIT & LO ------------------------- -- ------------------------------------------------------------------PREVIOUS YEAR | EXPENDITURE ------------------------- -- ------------------------------------------------------------------| To Interest on Capital @12% 0| i) Mr.Manish R. Agrawal 0| ii) Mr.Ramaniranjan Agrawal | | To Salary To Partners 0| i) Mr.Manish R. Agrawal 0| ii) Mr.Ramaniranjan Agrawal | | To Net Profit Trans.to Capital A/c 0| i) Mr.Manish R. Agrawal 0| ii) Mr.Ramaniranjan Agrawal | | ============== = ======================================

-| -| | | | | | | | | | | | | =

40575531.51 ============== ICRON ENGINEERS

------------------------AGRAWAL...PARTNER

3 3 3 3 3 3 3 3 3

0.00 | ============== = ====================================== PLACE: AURANGABAD DATE : 19.08.2008

| = AS PER OUR R FOR S.M.SHER CHARTERED A

--------------------S.M.SHERKAR

********************* ****** ********* ********************* ************************************************************ *** ********************* ** ***** *********** ********************* ** ********************************************************* ** M/S.OMICRON ENGINEERS (KANPUR SITE) PLOT NO.331,N-1, E-SECTOR, CIDCO,AURANGABAD-431 003 AS ON 31.03.2008 ANNEXURE-A PARTNERS CAPITAL ACCOUNT -----------------------MR.R.C.AGRAWAL -------------BALANCE AS PER LAST B/S ADD:AMOUNT BROUGHT : 1)I. T. REFUND 2)SALARY TO PARTNER 3)INTEREST ON CAPITAL 4)PROFIT FOR THE YEAR

LESS:WITHDRAWALS: AMOUNT TRF. FROM FIRMS: 1)FIRM TAX 2)TDS 3)ADVANCE FBT 4)SELF ASST. TAX 5)HOUSEHOLD & OTHER

MR.MANISH R.AGRAWAL -------------------BALANCE AS PER LAST B/S ADD:AMOUNT BROUGHT : 1)I. T. REFUND 2)SALARY TO PARTNER 3)INTEREST ON CAPITAL 4)PROFIT FOR THE YEAR

LESS:WITHDRAWALS: AMOUNT TRF. FROM FIRMS: 1)FIRM TAX 2)TDS 3)ADVANCE FBT 4)SELF ASST. TAX 5)HOUSEHOLD & OTHER

============== =

======= ============== = ====================================== =

M/S.OMICRON ENGINEERS SAI VILLA ,PLOT NO.388,N-1 ------------------------- -- ----------------------------- -- -- -- --------------------------- -BALANCE SHEET AS ON 31.3.2008 ------------------------- -- ----------------------------- -- -- -- --------------------------- -AMOUNT | AMOUNT | | | ------------------------- -- ----------------------------- -- -- -- --------------------------- -| | | | 67864.00 | | | 0.00 | 67864.00 | | | | ------------------------- | 135728.00 | | 0| | | | 0| | | | | | | | | | | | | 0.00 | | | 0| 0.00 | | | 0| 0.00 | | | | 0.00 | | | | | | | 0| | | | | 0.00 | | | 0| ------------------------- | 0| | | | | | | | | | 0| 0.00 | | | 0| 0.00 | | | 0| 0.00 | | | | 0.00 | | | 0| 0.00 | | | 0| 0.00 | | | 0| 0.00 | | | 0| 23799.00 | | | 0| 0.00 | | | | 2450000.00 | | | 0| ------------------------- | 2473799 | | 0| | | | 0| | | | | | | | | | 142597 | | 0| | | | | | | | | | | | | | | | | | | | | | | | |

| ----------------------------- | | --------------------------- | TOTAL RS : | 2752124.00 | | 0.00 | ============== | ================ | = | =============== | AS PER OUR REPORT OF EVEN DATE FOR S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS

--------------------------S.M.SHERKAR.PROP.M.NO.34617

M/S.OMICRON ENGINEERS SAI VILLA ,PLOT NO.388,N-1 ------------------------- -- ----------------------------- -- -- -- --------------------------- -ACCOUNT FOR THE YEAR ENDED 31.03.2008 ------------------------- -- ----------------------------- -- -- -- --------------------------- -AMOUNT | AMOUNT | || PREVIOUS YEAR | ------------------------- -- ----------------------------- -- -- -- --------------------------- -| 0| | | | 0| | 0.00 | | 938244 | | 0| | 473094 | | | | -20000 | | 0.00 | | 0| | 0.00 | | | | | | #VALUE! | | | | | | | | | | | | ----------------------------- | | --------------------------- | TOTAL RS. | #VALUE! | | 0.00 | | ================ | | =============== | | 35 | | 0| | 0| | 0| | 0| | 0| 0| | | 0| 0| | | 0| 0| | | 0| ------------------------- | 0| | | | 0| | | | 4922 | | | | 205 | | | | 0| | | | 0| | | | 0| | | | 0| | |

| 0| | | 0| | | 0| | | 0| | | 0| | | 1000 | | | 0| | | 0| | | 0| | | 0| | | 0| | | 0| | | 0| | | 0| | | 0| | | 0| | | #VALUE! | | ============== = ================ = = = =============== TOTAL RS. | #VALUE! | | 0.00 ============== = ================ = = = =============== AS PER OUR REPORT OF EVEN DATE FOR S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS

| | | | | | | | | | | | | | | | | = | =

--------------------------S.M.SHERKAR.PROP.M.NO.34617 M/S.OMICRON ENGINEERS SAI VILLA ,PLOT NO.388,N-1 ------------------------- -- ----------------------------- -- -- -- --------------------------- -PROFIT & LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31.03.2008 ------------------------- -- ----------------------------- -- -- -- --------------------------- -AMOUNT | AMOUNT | | PREVIOUS YEAR | ------------------------- -- ----------------------------- -- -- -- --------------------------- -| | | 0| 0| | | | 0| | | | ------------------------- | 0| | | | | | | 0| | | | 0| | | | ------------------------- | 0| | | | | | | 67864 | | | | 67864 | | | | ------------------------- | 135728 | | | | | | | ============== = ================ = = = =============== =

TOTAL RS. | 135728.00 | | 0.00 | ============== = ================ = = = =============== = AS PER OUR REPORT OF EVEN DATE FOR S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS

--------------------------S.M.SHERKAR.PROP.M.NO.34617 ********************* *************************** ****************************** *** ********************* ** ************************ ** ** ** *********************** **

0 0 0 0 67864 ------------------------67864

0 0 0 0 0 -------------------------

0 0 0 0 67864 ------------------------67864

67864

0 0 0 0 0 -------------------------

67864 ----------------------------135728 ================

----------------------------------------------------================ ============== = ================ = = = =============== =

M/S.OMICRON ENGINEERS (UTTAR PRADESH SITE) PLOT NO.331,N-1, E-SECTOR, CIDCO,AURANGABAD-431 003 --------------------------------------------------------------------- -- ------------------------- -- ------------------------------------------------------------------------------------------------ASSETS --------------------------------------------------------------------FIXED ASSETS : (As per Annexure "D") INVESTMENTS : Saraswat Co.Op.Bank:Shares National Saving Certificate CURRENT ASSETS, LOANS & ADVANCES INVENTORY: Work in progress Closing stock ( As certified by the partners) SUNDRY DEBTORS (As per Annexure "E") SUNDRY DEPOSIT : (As per Annexure "F") LOAN & ADVANCE TO OTHERS Crs having Debit Balances (As per Annexure "G") Vat Set off Claimable Service Tax setoff claimable Loan & Advance to others (As per Annexure "H") Prepaid Insurance Tax Deducted at source Advance Tax Advance Fringe Benefit Tax CASH AND BANK BALANCES : Cash on hand HDFC BANK.A'bad ING Vysya Bank ltd.A'bad

-| -| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

------------------------- -AMOUNT | ------------------------- -| | | 0| 0| ------------------------- | | | 0| 0| | | 1614557 | | 0| | | 1137567 | 0| 0| | 0| 0| 0| 0| 0| | 0| 0| 0| ------------------------- | | | | | | | | |

4 4 ----------------------------- 4 AMOUNT 4 ----------------------------- 4 4 0.00 4 4 4 4 0.00 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 2752124 4 4 4 4 4 4 4 4 4

| | ----------------------------0.00 | TOTAL RS. : | 2752124.00 ======================================= | ============== | ================ PLACE : AURANGABAD FOR FOR OMICRON OMICRON ENGINEERS ENGINEERS DATE : 19.08.2008

------------------------- -- ----------------------------MR.M.R.AGRAWAL...PARTNER

M/S.OMICRON ENGINEERS (UTTAR PRADESH SITE) PLOT NO.331,N-1, E-SECTOR, CIDCO,AURANGABAD-431 003 --------------------------------------------------------------------- -- ------------------------- -- ------------------------------------------------------------------------------------------------INCOME --------------------------------------------------------------------By Sales & R.A.Bills: Material Supply & Civil Work By Rate,Weight & Quality Diff. By Work in progress By Closing stock

By By By By By By

Gross Profit Interest recd. on FDR Discount Vat Credit Setoff Dividend Short & excess recovery w/off

-| -| | | | | | | | | | | | | | | | | | | | | | | | | | |

------------------------- -- ----------------------------AMOUNT | AMOUNT ------------------------- -- ----------------------------| | 1533228 | | #VALUE! 0.00 | 0.00 | ------------------------- | 0.00 | | | | ----------------------------TOTAL RS. : | #VALUE! | ================ | #VALUE! | 0 | 0 | 0 | 0 | 0 | | | | | | | |

4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ======================================= = ============== = ================ #VALUE! | TOTAL RS. | #VALUE! ======================================= = ============== = ================ PLACE : AURANGABAD FOR FOR OMICRON OMICRON ENGINEERS ENGINEERS DATE : 19.08.2008

M/S.OMICRON ENGINEERS (UTTAR PRADESH SITE) PLOT NO.331,N-1, E-SECTOR, CIDCO,AURANGABAD-431 003 --------------------------------------------------------------------EAR ENDED 31.03.2008 --------------------------------------------------------------------INCOME --------------------------------------------------------------------By Profit before Appropriation

--

-| -| | | | | | | | | | | | | ======================================= =

4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 ------------------------- -- ----------------------------- 4 MR.M.R.AGRAWAL...PARTNER 4 4 4 4 4 4 ------------------------- -- ----------------------------- 4 4 ------------------------- -- ----------------------------- 4 AMOUNT | AMOUNT 4 ------------------------- -- ----------------------------- 4 | #VALUE! 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 ============== = ================ 4

#VALUE! | TOTAL RS. | #VALUE! 4 ======================================= = ============== = ================ 4 PLACE : AURANGABAD FOR FOR OMICRON OMICRON ENGINEERS ENGINEERS 4 DATE : 19.08.2008

------------------------- -- ----------------------------MR.M.R.AGRAWAL...PARTNER ********************************************************* ************************ *************************** *** ********************************************************** ** ********************* ** ************************ *****

======================================= = ============== = ================

S.M.SHERKAR & CO. M/S.OMICRO CHARTERED ACCOUNTANTS SHANGRILA SHOPPING COMPLEX SAI VILLA ,PLO SAMARTHNAGAR,AURANGABAD ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -BALANCE SHEE ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -| LIABILITIES | AMOUNT | ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -| PARTNERS CAPITAL ACCOUNT : | | 19396068.82 | MR.R.C.AGRAWAL | 38483998.08 | 18697030.20 | MR.M.R.AGRAWAL | 36257763.48 | | (As per Annexure "A") | ------------------------- | | | | | LOANS & BORROWINGS : | | | a)SECURED LOANS : | | | Saraswat Co.Op.Bank,Cidco,A'bad | | 139913875.17 | Cash Credit - A/C NO.83 | 199133348.52 | 198116.00 | ICICI Bank: Car Term Loan | 98302.93 | 432649.00 | ICICI Bank: Car Term Loan | 270458.00 | 519360.39 | UNION BANK INDIA,CIDCO A'bad | 201506.54 | | b)UNSECURED LOANS | | | From Friends & Relatives | | 12488002.00 | ( As per Annexure-"B") | 3060464.00 | | | ------------------------- | | CURRENT LIABILITIES & PROVISIONS | | | Sundry Creditors & payable | | 34390405.31 | (As per Annexure "C") | 141474647.04 | 1200000.00 | S.Deposit(Shrikrishna Elect.) | 0.00 | 5349.00 | Providend fund payable | 25901.00 | 90004.00 | Salary & Wages payable | 116828.00 | 482322.00 | Income Tax collected at source | 1204607.00 | 645664.21 | Service Tax payable | 2930901.21 | 2930.00 | Professional Tax Payable | 3635.00 | 0| Vat Payable | 465198.13 | 0| TDS Payable to Bank | 384.00 | 0| Advance:UP Rajkiya Nirman Nigam | #VALUE! | | | ------------------------- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

------------------------- | 228461776.10 | ============== | ======================================= PLACE: AURANGABAD DATE : 19.08.2008

| | | TOTAL RS : | | ============== | AS PER OUR REPORT OF EVEN DA FOR S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS

--------------------------S.M.SHERKAR.PROP.M.NO.34617

S.M.SHERKAR & CO. M/S.OMICRO CHARTERED ACCOUNTANTS SHANGRILA SHOPPING COMPLEX SAI VILLA ,PLO SAMARTHNAGAR,AURANGABAD ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2008 ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -PREVIOUS YEAR | EXPENDITURE | AMOUNT | ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -1032850 | To Opening stock | | 16630000 | To Work in progress | | 214049784.28 | To Material Purchases | | 65272862.28 | To Contract Expenses(R.A. Bills) | | 1029979 | To Freight,Cartage & Octroi | | 980364 | To Salary & Wages to Staff | | | | | #VALUE! | To Gross Profit | | | | | | | | ------------------------- | | | #VALUE! | | TOTAL RS. | ============== | | | 51223.8 | To Postage & Telegramme | | 490633.5 | To Telephone & Mobiles | | 792982 | To Tender Fees | | 26133.38 | To Interest:Car loan | 93525.09 | 1230141 | :Unsecured loan | 931753 | 10886767 | :Bank Borrowing & L/c | 18532775.8 | | | ------------------------- | 2112090.58 | To Bank,L.C & Guarantee Commission | | 916813.6 | To Travelling Expenses | | 331438.01 | To Printing and stationery | | 129136 | To Electricity & Water Charges | | 48557 | To Providend Fund | | 27500 | To Office & Godown Rent | | 211720 | To House Rent | |

0 | To Karnataka Welfare Cess 69101 | To Advertisement Expenses 144893.5 | To Insurance & Workmens Insurance 423000 | To Professional charges 42873.6 | To Repair & Maintenance 779995.03 | To Vehicle running & maintenance 41634 | To Audit fees 3179408 | To Work Contract Tax 1333644.2 | To Service tax paid 382715.5 | To Fooding & Site Lunger Exps. 603049 | To Legal,Stamp Duty & Mortgage 248692.7 | To Office & Misc. expenses 26815 | To Professional Tax 50604 | To Workmens Compesation Expenses 0 | To Short Excess Recovery w/off 392022 | To Depreciation (As per Annexure) #VALUE! | To Profit before Appropriation ============== = ======================================= #VALUE! | ============== = ======================================= PLACE: AURANGABAD DATE : 19.08.2008

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | = ============== = | TOTAL RS. | = ============== = AS PER OUR REPORT OF EVEN DA FOR S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS

--------------------------S.M.SHERKAR.PROP.M.NO.34617

S.M.SHERKAR & CO. M/S.OMICRO CHARTERED ACCOUNTANTS SHANGRILA SHOPPING COMPLEX SAI VILLA ,PLO SAMARTHNAGAR,AURANGABAD ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -PROFIT & LOSS APPROPRIATION ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -PREVIOUS YEAR | EXPENDITURE | AMOUNT | ------------------------- -- --------------------------------------------------------------------- -- ------------------------- -| To Interest on Capital @12% | | 1165511 | i) Mr.Manish R. Agrawal | 1895932 | 1217353 | ii) Mr.Ramaniranjan Agrawal | 2011850 | | | ------------------------- | | To Salary To Partners | | 600000 | i) Mr.Manish R. Agrawal | 600000 | 750000 | ii) Mr.Ramaniranjan Agrawal | 750000 | | | ------------------------- | | To Net Profit Trans.to Capital A/c | | 9404739.46 | i) Mr.Manish R. Agrawal | 21622169.75 | 9404739.47 | ii) Mr.Ramaniranjan Agrawal | 21622169.76 | | | ------------------------- | | | | ============== = ======================================= = ============== =

22542342.93 | ============== = ======================================= PLACE: AURANGABAD DATE : 19.08.2008

| TOTAL RS. | = ============== = AS PER OUR REPORT OF EVEN DA FOR S.M.SHERKAR & CO. CHARTERED ACCOUNTANTS

--------------------------S.M.SHERKAR.PROP.M.NO.34617 ********************* ************************************************************ ************************ *** ********************* ** ********************************************************** ** ********************* ** M/S.OMICRON ENGINEERS (CONSOLIDATED) PLOT NO.331,N-1, E-SECTOR, CIDCO,AURANGABAD-431 003 AS ON 31.03.2008 ANNEXURE-A PARTNERS CAPITAL ACCOUNT -----------------------MR.R.C.AGRAWAL -------------BALANCE AS PER LAST B/S ADD:AMOUNT BROUGHT : 1)I. T. REFUND 2)SALARY TO PARTNER 3)INTEREST ON CAPITAL 4)PROFIT FOR THE YEAR

LESS:WITHDRAWALS: AMOUNT TRF. FROM FIRMS: 1)FIRM TAX 2)TDS 3)ADVANCE FBT 4)SELF ASST. TAX 5)HOUSEHOLD & OTHER

MR.MANISH R.AGRAWAL -------------------BALANCE AS PER LAST B/S ADD:AMOUNT BROUGHT : 1)I. T. REFUND 2)SALARY TO PARTNER 3)INTEREST ON CAPITAL 4)PROFIT FOR THE YEAR

19396068.82 5830 750000 2011850 21565709.26 ------------------------43729458.08

151076 576249.5 85600 3539000 949995 -------------------------

18697030.2 5830 600000 1895932 21565709.25 ------------------------42764501.45

LESS:WITHDRAWALS: AMOUNT TRF. FROM FIRMS: 1)FIRM TAX 2)TDS 3)ADVANCE FBT 4)SELF ASST. TAX 5)HOUSEHOLD & OTHER

151076 576249.5 85600 3561000 2189272.97 -------------------------

-------------------------

========== ============== = ======================================= = ============== =

M/S.OMICRON ENGINEERS (CONSOLIDATED) PLOT NO.331,N-1, E-SECTOR, CIDCO,AURANGABAD-431 003 ----------------------------- -- -- -- ------------------------- -- --------------------------------------------------------------- -BALANCE SHEET AS ON 31.3.2008 ----------------------------- -- -- -- ------------------------- -- --------------------------------------------------------------- -AMOUNT | | | ASSETS | ----------------------------- -- -- -- ------------------------- -- --------------------------------------------------------------- -| | | FIXED ASSETS : | | | 3388607.00 | (As per Annexure "D") | | | | INVESTMENTS : | 74741761.56 | | 15300 | Saraswat Co.Op.Bank:Shares | | | 5500 | National Saving Certificate | | | | | | | | CURRENT ASSETS, LOANS & ADVANCES | | | | INVENTORY: | | | 37296700 | Work in progress | | | 26778627 | Closing stock | | | | ( As certified by the partners) | | | | SUNDRY DEBTORS | | | 92174282 | (As per Annexure "E") | | | | SUNDRY DEPOSIT : | | | 52782070.93 | (As per Annexure "F") | 202764079.99 | | | LOAN & ADVANCE TO OTHERS | | | | Crs having Debit Balances | | | 11004261.8 | (As per Annexure "G") | | | 599694.69 | Vat Set off Claimable | | | 151253 | Service Tax setoff claimable | | | | Loan & Advance to others | | | 914780.75 | (As per Annexure "H") | | | 116500 | Prepaid Insurance | | | 1152499 | Tax Deducted at source | | | 0| Advance Tax | | | 21200 | Advance Fringe Benefit Tax | | | | CASH AND BANK BALANCES : | | | 274220.27 | Cash on hand | #VALUE! | | 220306.02 | HDFC BANK.A'bad | | | 1565973.64 | ING Vysya Bank ltd.A'bad | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

----------------------------- | | ------------------------- | | #VALUE! | | 228461776.10 | #VALUE! | ================ | = | ============== | ==================================== | UR REPORT OF EVEN DATE PLACE : AURANGABAD FOR OMICRON ENGIN HERKAR & CO. DATE : 19.08.2008 ED ACCOUNTANTS

KAR.PROP.M.NO.34617

M/S.OMICRON ENGINEERS (CONSOLIDATED) PLOT NO.331,N-1, E-SECTOR, CIDCO,AURANGABAD-431 003 ----------------------------- -- -- -- ------------------------- -- --------------------------------------------------------------- -YEAR ENDED 31.03.2008 ----------------------------- -- -- -- ------------------------- -- --------------------------------------------------------------- -AMOUNT | || PREVIOUS YEAR | INCOME | ----------------------------- -- -- -- ------------------------- -- --------------------------------------------------------------- -26778627 | | | By Sales & R.A.Bills: | 37296700 | | 280255510.20 | Material Supply & Civil Work | 330432006.78 | | #VALUE! | (As per Annexure) | 167661376.48 | | 411470.18 | By Rate,Weight & Quality Diff. | 1269747.36 | | 37296700.00 | By Work in progress | 1898009 | | 26778627.00 | By Closing stock | | | | | #VALUE! | | | | | | | | | | | | ----------------------------- | | ------------------------- | | #VALUE! | | #VALUE! | | ================ | | ============== | | 97071.6 | | #VALUE! | By Gross Profit | 589984.15 | | 981197.00 | By Interest recd. on FDR | 356414 | | 1600.00 | By Discount | | | 772789.09 | By Vat Credit Setoff | | | 0.00 | By Dividend | | | 13872.42 | By Short & excess recovery w/off | 19558053.89 | | | By Interest from Loans | 2134463.03 | | | | 997938.9 | | | | 616434.25 | | | | 175539 | | | | 102363 | | | | 162800 | | | | 265667 | | | |

1992986 | | | 98265 | | | 347196.31 | | | 391160 | | | 55532 | | | 973041.27 | | | 61826 | | | 5450070.58 | | | 5029983.34 | | | 617047.31 | | | 278745 | | | 127978.25 | | | 2500 | | | 0| | | 2697.11 | | | 682051 | | | #VALUE! | | | ================ = = = ============== = #VALUE! | | #VALUE! | ================ = = = ============== = UR REPORT OF EVEN DATE HERKAR & CO. ED ACCOUNTANTS

| | | | | | | | | | | | | | | | | ==================================== = #VALUE! | ==================================== = PLACE : AURANGABAD FOR OMICRON ENGIN DATE : 19.08.2008

KAR.PROP.M.NO.34617

M/S.OMICRON ENGINEERS (CONSOLIDATED) PLOT NO.331,N-1, E-SECTOR, CIDCO,AURANGABAD-431 003 ----------------------------- -- -- -- ------------------------- -- --------------------------------------------------------------& LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31.03.2008 ----------------------------- -- -- -- ------------------------- -- --------------------------------------------------------------AMOUNT | | PREVIOUS YEAR | INCOME ----------------------------- -- -- -- ------------------------- -- --------------------------------------------------------------| | #VALUE! | By Profit before Appropriation | | | | | | 3907782 | | | | | | | | | | | | 1350000 | | | | | | | | | | | | 43244339.51 | | | | | | ================ = = = ============== = ====================================

--| -| | | | | | | | | | | | | =

48502121.51 | | #VALUE! | #VALUE! | ================ = = = ============== = ==================================== = UR REPORT OF EVEN DATE PLACE : AURANGABAD FOR OMICRON ENGIN HERKAR & CO. DATE : 19.08.2008 ED ACCOUNTANTS

KAR.PROP.M.NO.34617 ************************ ****************************** ****************************************************** *** ************************ ** ** ** ********************* ** ***************************************************** **

38427537.58

36201302.98 ----------------------------74628840.56 ================ ----------------------------================ ================ = = = ============== = ==================================== =

------------------------- -- ------------------------------------------------- -- ------------------------AMOUNT | AMOUNT ------------------------- -- ------------------------| | 4543594.00 | 15300 | 5500 | ------------------------- | 20800.00 | | 69571500 | 11647124 | | | 121077492.02 | | 175555493.93 | | | 3447213.12 | 1237901.85 | 0| | 26594337 | 254272 | 3153790 | 7500000 | 165000 | 0| 256138.98 | 35526.44 | 1117759.59 | ------------------------- | 421613548.93 | | | | | | | |

| ------------------------TOTAL RS. : | 426177942.93 ============== | ============== FOR OMICRON ENGINEERS

------------------------- -- ------------------------MR.M.R.AGRAWAL...PARTNER

------------------------- -- ------------------------------------------------- -- ------------------------AMOUNT | AMOUNT ------------------------- -- ------------------------| | 569070132.75 | | #VALUE! 69571500 | 11647124 | ------------------------- | 81218624.00 | | | | ------------------------TOTAL RS. : | #VALUE! | ============== | #VALUE! | 1970498 | 8689.52 | 1237901.85 | 4500 | 0 | #VALUE! | | | | | | |

| | | | | | | | | | | | | | | | | ============== = ============== TOTAL RS. | #VALUE! ============== = ============== FOR OMICRON ENGINEERS

------------------------- -- ------------------------MR.M.R.AGRAWAL...PARTNER

------------------------- -- ------------------------------------------------- -- ------------------------AMOUNT | AMOUNT ------------------------- -- ------------------------| #VALUE! | | | | | | | | | | | | ============== = ==============

TOTAL RS. | #VALUE! ============== = ============== FOR OMICRON ENGINEERS

------------------------- -- ------------------------MR.M.R.AGRAWAL...PARTNER ********************* ************************ *************** *************** *************** *************** *************** ********************* ** ********************* *************** *************** *************** *************** ***************

============== = ==============

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