MANGANESE ORE (INDIA) LIMITED
NAGPUR -440 001
BALANCE SHEET AS AT 31.03.2005
PARTICULARS	SCHEDULE	31-3-2005		31-03-2004
		Rs.		Rs.
A) SOURCES OF FUNDS
1)   SHARE HOLDERS' FUND :
a) Share Capital	1	153251400		153251400
b) Reserves & Surplus	2	2522454873		1358416048
Sub-Total		2675706273		1511667448
2) Deferred Tax Liability	20(17)	47782897		47078425
TOTAL		2723489170		1558745873
PARTICULARS	SCHEDULE	31-3-2005		31-03-2004
		Rs.		Rs.
B)   APPLICATION OF FUNDS
1)   FIXED ASSETS :	3
a) Gross Block		1263896652		1127208055
b) Less Depreciation		(743375553)		(689838219)
c) Net Block		520521099		437369836
d) Capital Work-in-Progress		12588646		23907157
TOTAL		533109745		461276993
2)   INVESTMENTS :	4	153360		153360
3)   CURRENT ASSETS LOANS & ADVANCES
Current Assets	5
a) Inventories		485154380		253952013
b) Sundry Debtors		653741885		438441880
c) Cash & Bank Balances		1726884013		713477403
d) Other Current Assets		41293082		14187429
TOTAL		2907073360		1420058725
Loans & Advances	6	78699202		124167984
TOTAL		2985772562		1544226709
Less
CURRENT LIABILITIES & PROVISIONS.
Current Liabilities	7	(689533034)		(433054843)
Provisions	8	(209115946)		(127877921)
TOTAL		(898648980)		(560932764)
NET CURRENT ASSETS		2087123582		983293945
PARTICULARS		31-3-2005		31-03-2004
		Rs.		Rs.
4)   Miscellaneous Expenditure to
the extent not written off or adjusted
a) V.R.S. Expenditure		77699003		114021575
b) Net present value for Forest land		25403480		0
diversion expenses
Total :		2723489170		1558745873
Schedule No. 1 to 21 form  an integral part of  Financial statements
This is the Balance Sheet referred to in Our Report
of even date
For Rodi Dabir & Co.
Chartered Accountants
Sudhir Dabir                                     B.Dasgupta			I M K S Raju
Partner                                      Company secretary		DY.G.M.(FINANCE)
M A V Gautham		P.M. Reddy
Place : New Delhi        Director(Finance)		Chairman-cum-Managing Director
Date : 26.5.05