As at         As at
                                              31.03.2001    31.03.2000
 Additional Information
 
 1.  Licensed Capacity                         8000 TPA       8000 TPA
 
 Installed Capacity                            8000 TPA       8000 TPA
 
 Actual Production                                  Nil            Nil
 
 2.  Earning in foreign exchange FOB
     value of exports                               Nil            Nil
 
 3.  Value of imports CIF basis raw materials       Nil            Nil
 
 4.  Particulars as regards finished Products
 
 i) Production : Nil for the current year and previous year.
 
 ii) Sales :
 
 Particulars               Current Year              Previous Year
 
                      Quantity        Value      Quantity        Value
                        (Pcs.)        (Rs.)        (Pcs.)        (Rs.)
 
 Indian Water Closet       814       73,573          1112     1,26,802
 
 European Water Closet      84       20,966            57       12,774
 
 Wash Basins               540       59,850           534       64,019
 
 Others                   1903       66,779          1195       69,400
 
 iii) Closing Stock :
 
                          Current Year               Previous Year
 
                      Quantity       Value     Quantity          Value
                        (Pcs.)       (Rs.)       (Pcs.)          (Rs.)
 
 Indian Water Closet      6067    9,91,621         6881      10,56,426
 
 European Water Closet    7375    9,42,576         7459       9,61,043
 
 Wash Basins             17652    4,04,795        18192       4,57,512
 
 Other                   53831    9,17,242        55734       9,76,063
 
 5.  Imported materials consumed Raw Materials                     Nil
 
 6.  Indigenous materials consumed Raw Materials                   Nil
 
 7.  Raw Materials Consumed : Nil for the current year and previous
 year.
 
 8.  Interest accrued on NSC to be accounted at the time of maturity.
 
 9.  No provision has been made in respect of Doubtful debtors amounting
 to Rs. 8,37,930/- against which legal proceeding have been started.
 
 10.  Secured Term loan from IFCI in consortium with IDBI and ICICI are
 secured by first charge of the fixed assets of the Company, Cash Credit
 from Indian Bank is secured by first charge on the stock, store, spare
 parts, work-in-progress and second charge on the fixed assets.
 
 11.  Board for Industrial & Financial Reconstruction vide its order
 passed on May 8th, 2000 had recommended winding up of the Company.
 The Company had preferred an appeal before the Appellate Authority for
 Industrial & Financial Reconstruction, New Delhi against the said order
 which was dismissed by the said Appellate Authority. A review
 petition was filed against the said order of dismissal by the Appellate
 Authority but was not entertained by the latter. Accordingly, a writ
 petition being W.P.No. 812 of 2001 has been filed in the High Court at
 Calcutta which is pending. In view of the suspension of
 production/operations by the company effective from November 15th,
 1997, the Company has not provided interest and depreciation in its
 books for the accounting year ending on March 31st, 2001.
 
 12.  Previous year figures have been regrouped/rearranged wherever
 necessary and both years figure rounded off to the nearest rupee.
 
 13.  Production was suspend and Factory is under Lockout from 15th
 November 1997 due to labour unrest.
 
 14.  Liability in respect of Insurance Premium of factory buildings,
 Plant & Machinery and other factory assets and security guard expenses
 paid by financial institutions on behalf of the Company as directed
 by BIFR has not been accounted for. Like wise liability in respect of
 Legal & Professional charges payable to advocate & solicitor firms on
 account of arbitration expenses has not been provided and the same
 shall be accounted on actual receipt of the bill.
 
 15.  Additional information as required under part IV of Schedule VI of
 the Companies Act, 1956.
 
 Balance Sheet Abstract & Companys General Business Profile :
 
 I Registration Detail :
 
 Registration No.  1049  State Code : 15            Balance Sheet Date
                                                            31.03.2001
 
 II Capital raised during the year : (Amount In Rs.)
 
 Public Issue                   Nil           Right Issue          Nil
 
 Bonus Issue                    Nil           Private Placement    Nil
 
 III Position of Mobilisation and deployment of funds : (Amount in Rs.)
 
 Total Liabilities     29,72,55,376    Total Assets        29,72,55,376
 
 Sources of Funds :                    Application of Funds :
 
 Paid-up Capital        3,49,27,500    Net Fixed Assets     6,45,63,228
 
 Reserves & Surplus     1,90,20,551    Investments                2,000
 
 Secured Loans         23,95,25,238    Net Current Assets (1,41,71,345)
 
 Unsecured Loans          37,82,087    Miscellaneous
                                       Expenditure                  Nil
 
                                       Accumulated Losses  24,68,61,492
 
 IV Performance of Company : (Amount In Rs.)
 
 Turnover/Income           5,94,809    Total Expenditure       8,53,619
 
 Profit/(Loss)
 before Tax              (2,58,810)    Profit/(Loss)
                                       after Tax             (2,58,810)
 
 Earning per Share (Rs.)        Nil    Dividend Rate                Nil
 
 V Generic Names of principal products, services of the Company :
 
 Item Code No.                      : 691010.00
 
 Product Description                : Sanitary Wares
 
 Signatures to Schedules 1 to 18 forming part of the Balance Sheet &
 Profit & Loss Account
 
                                As per our annexed report of even date
 
 For G. K. Tulsyan & Company
 Chartered Accountants
 
 U. K. Senapati
 Partner
 
 4, Gangadhar Babu Lane
 Kolkata - 700 012                        R. A. JALAN    S. P. MALHOTRA
 Dated the 20th day of July, 2001   Managing Director          Director