EXHIBIT 1

BALANCE SHEET of VIP Industries as at March 31

All amount in Rs Crore
I. EQUITY & LIABILITY 2014 2015
(1)   Shareholders’ Funds
Share Capital 28 28
Reserve & Surplus 260 279

(2)   Non Current Liabilities

Long Term Borrowings 0 0
Other Long Term Liabilities 4 5

(3)   Current Liabilities

Short Term Borrowings 16 31
Trade Payables 99 118
Other Current Liabilities 20 20
Short Term Provisions 23 19
TOTAL 450 500
II.ASSETS
(1)   Non Current Assets
Fixed Assets
i.        Tangible assets 67 54
ii.      Intangible Assets 1 1
Non Current Investments 10 21
Long Term loans & Advances 41 32
Other Non Current Assets 0 0

(2)   Current Assets

Current Investments 0 0
Inventories 173 224
Trade Receivables 95 111
Cash & Cash Equivalents 11 7
Short Term Loans & Advances 26 24
Other Current Assets 26 26
TOTAL 450 500
 EXHIBIT 2
Statement of Profit & Loss of VIP Industries for the year ending Mar 31
All amount in Rs Crore
Particulars 2014 2015
REVENUE
Revenue from sales of Goods & Services 975 1048
Total Revenue from Operations (i) 975 1048
EXPENSES
Cost of Material Consumed 150 146
+Purchase of Stock in Trade 410 483
Change in the Inventory -29 -49
+Employee Benefit Expenses 93 106
Other Operating Expenses 267 285
Total Expenses (ii) 891 971
Profit Before Interest, Tax, Depreciation & Amortization (i) – (ii) 84 77
-          Depreciation & Amortization 17 17
Profit before Interest & Tax [PBIT] (Operating Profit) 67 60
Add Other Income 18 7
-          Interest Expenses (Finance Cost) -2 -1
Profit before Tax [PBT] 83 66
-          Tax Expenses/Provision for Tax 25 18
Profit After Tax [PAT] 58 48