WALCHAND PEOPLEFIRST LIMITED
BALANCE SHEET AS AT MARCH 31, 2007
			As At	As At
			31.03.2007	31.03.2006
	Schedule		Rupees in Lacs	Rupees in Lacs
SOURCES OF FUNDS :
SHAREHOLDERS' FUND
Share Capital	A		284.89	284.89
Reserves & Surplus	B		1356.09	1136.81
LOAN FUNDS
Secured Loans	C		16.84	14.42
	TOTAL		1657.82	1436.12
APPLICATION OF FUNDS :
FIXED ASSETS
Gross Block	D		576.69	545.19
Less : Depreciation			243.98	202.96
NET BLOCK			332.71	342.23
Investments	E		794.03	634.13
Deferred Tax Assets			227.67	-
Current Assets, Loans And
Advances
Sundry Debtors	F		136.37	65.85
Cash and Bank Balances	G		70.77	134.45
Other Current Assets	H		6.98	7.15
Loans and Advances	I		451.41	520.74
			665.53	728.19
Less : Current Liabilities and Provisions
Current Liabilities	J		214.07	145.56
Provisions	K		148.04	122.87
			362.11	268.43
NET CURRENT ASSETS			303.41	459.76
	TOTAL		1657.82	1436.12
			-	-
ACCOUNTING POLICIES AND NOTES TO ACCOUNTS	O	FOR AND ON BEHALF OF THE BOARD
As per our attached report of even date
For Haribhakti & Co.	PALLAVI JHA			Chairperson & Managing Director
Chartered Accountants	M. N. BHAGWAT			Director
	V.  K. VERMA			Director
	POONAM BARUA			Director
CHETAN DESAI	SANJAY JHA			Director
Partner	KAMALINI BAHUBALI			Director
	Dr.S.C.JHA			Director
	DIVYA MOMAYA			Company Secretary
	SADANAND MARATHE			Associate Vice President - Finance
Mumbai
Date : 26.04.2007