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Balance Sheet of GSL (India) Ltd. Company

(Rs in Cr.)	Mar 31, 2008	Mar 31, 2007	Mar 31, 2006	Mar 31, 2005
Equity Share Capital	22.27	22.27	22.27	22.27
Share Application Money	0.00	0.00	0.00	0.00
Preference Share Capital	2.50	2.50	2.50	2.50
Reserves & Surplus	-194.59	-189.10	-185.30	-182.86
Secured Loans	245.26	245.63	245.79	245.70
Unsecured Loans	26.71	27.19	27.30	27.30
Gross Block	157.78	145.11	144.94	152.77
Depreciation	36.00	29.47	22.85	30.92
Net Block	121.78	115.64	122.10	121.85
Capital Work-in-progress	0.00	12.20	12.20	12.20
Investments	0.06	0.06	0.06	0.09
Current Assets, Loans & Advances	26.73	22.99	20.99	21.94
Total Net Current Assets	-19.71	-19.41	-21.80	-19.22
Miscellaneous expenses not written	0.00	0.00	0.00	0.00
Book Value of Unquoted Investments	0.00	0.00	0.00	0.00
Market Value of Quoted Investments	0.04	0.05	0.06	0.16
Contingent liabilities	33.96	35.65	31.69	31.46
Number of Equity shares outstanding (in Lacs)	2.23	2.23	2.23	2.23

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